Is Celgene the same as Bristol Myers Squibb?
Celgene is not an independent corporate entity sharing parity with Bristol Myers Squibb, but rather operates as a wholly owned subsidiary following a massive historic acquisition. In late 2019, Bristol Myers Squibb completed a landmark multi-billion-dollar acquisition of Celgene, integrating its extensive oncology, immunology, and inflammation drug portfolios—including blockbuster treatments like Revlimid—into the overarching corporate structure. While Celgene historically functioned as a standalone biopharmaceutical giant, its operational assets, clinical pipelines, and corporate management are now fully absorbed under the parent umbrella of Bristol Myers Squibb.
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