Per official BMS presentation to investors: SG &A- Commercial efficiencies, Central support functions, geographic optimization. 55% synergies R & D 35 % synergies Manufacturing 10% synergies $2,500,000,000 in synergies. Synergies is a buzz word for lay offs. So if you are in Commercial, you have been warned R & D you have been warned Manufacturing- sleep tight, you are safe...
SG&A- selling, general, and administrative expenses. Now ask yourself, what is the largest selling expenditure in pharma / biotech companies? Better get the interview toolbox out.
Lol man if those don’t get approved I feel bad for everyone who jumped mini ships at their respective sites to be a part of that.
Honestly the synergy for manufacturing needs to be higher. There's some people in the management ranks who need to be forced to bite the curb while people stomp on their heads.
