Strong Growth Portfolio Performance
Sales increased 17% year-over-year, driven by multiple products including IO portfolio, Reblozyl, Camzyos, and Breyanzi. Four products are now annualizing over $1 billion in sales.
Increased Revenue Guidance
Full year revenue guidance raised by $750 million at the midpoint to a range of $47.5 billion to $48 billion.
Positive Clinical and Regulatory Milestones
Several milestones achieved, including breakthrough therapy designation for iza-bren and Fast Track designation for anti-tau antibody.
Business Development Initiatives
Recent acquisition of Orbital Therapeutics and partnership with SystImmune, enhancing the cell therapy franchise and RNA technology platform.
Progress in Cost Management
Operating expenses decreased by approximately $100 million to roughly $4.2 billion compared to the same period last year, achieving significant cost savings.