Celgene, Bristol-Myers and AbbVie still to report earnings this week: Here’s what to expect

Sarah Toy
Celgene, Bristol-Myers and AbbVie still to report earnings this week: Here’s what to expect

Celgene Corp., Bristol-Myers Squibb Co. and AbbVie Inc. are all reporting earnings later this week. Companies are facing several potential changes in health policy, including a proposal to shift the risk of Medicare Part D catastrophic coverage from patients and the federal government to health plans and manufacturers. Biopharma companies, many of which rely on just one or two drugs for a big chunk of revenue, are also facing increasingly fierce generic competition.