April 27, 2001 — Despite slowdown in several other industries which rely on contamination control, the pharmaceutical market appears to be thriving.
Bristol Myers Squibb, Co., American Home Products Corp. and Pharmacia Corp. all reported significant growth in first quarter earnings, according to a report by Bridge Information Systems.
Bristol Myers saw $4.69 billion in sales during that period which represent a a 5 percent increase over the same period last year. The company’s net profit was $1.336 billion, up from $1.221 billion last year.
Pharmacia reported earnings of $423 million during the first quarter, up 19 percent from last year. Net profit was $250 million.
American Home Products saw net and operating earnings of $733.6 million, up from $634.9 million last year.