| The String of Pearls Strategy
Our String of Pearls strategy sets out to accelerate the discovery and development of new therapies
by complementing and enhancing our internal capabilities through innovative alliances, partnerships
and acquisitions. String of Pearls represents a different way of doing business for the company, and
it differentiates Bristol-Myers Squibb from others in the industry.
Here are our Pearls to date since our strategy was announced in 2007: Adnexus Therapeutics, KAI
Pharmaceuticals, Kosan Biosciences, PDL BioPharma, Exelixis, ZymoGenetics, Nissan Chemical
Industries, Teijin Pharma, Medarex and Alder.
Read more about the String of Pearls here.
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