Bristol-Myers Squibb(US:BMY) 智通财经网·2025-09-17 10:43Core Viewpoint - Bristol-Myers Squibb (BMY.US) has signed an agreement to sell 60% of its stake in a Chinese pharmaceutical joint venture, aligning with its long-term strategic goals to integrate resources and adapt to changing global business needs [1][1][1] Company Summary - The company has entered into an agreement to divest its 60% stake in Shanghai Squibb Pharmaceutical Co., Ltd. (SASS), which was established in 1982 and is recognized as the first Sino-American joint venture pharmaceutical company following China's reform and opening-up [1][1] - SASS operates a manufacturing facility in Shanghai that is one of the first modern pharmaceutical bases in China and has played a crucial role in introducing new technological expertise to the country [1][1] - The joint venture has supplied various medications, including Metformin Hydrochloride Tablets and Acetaminophen Oral Solution, contributing to the pharmaceutical landscape in China [1][1] Industry Summary - The divestment reflects a broader trend in the pharmaceutical industry where companies are reassessing their global operations and partnerships to better align with evolving market demands [1][1] - The move may indicate a shift in focus for Bristol-Myers Squibb towards consolidating its resources and enhancing operational efficiency in response to competitive pressures in the global pharmaceutical market [1][1]