100-631: Somerset Street may refer to: Somerset Street (New Brunswick) Somerset Street (Ottawa) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Somerset Street . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Somerset_Street&oldid=933135389 " Categories : Disambiguation pages Place name disambiguation pages Hidden categories: Short description
200-553: A 122.5% premium to its last closing price), helping to boost its complement of cancer drugs, specifically repotrectinib . That same month, the company announced it would be investing $ 180m in French AI company Owkin , to design potentially more precise and efficient clinical trials. The collaboration will initially focus on cardiovascular diseases, and has the potential to extend into projects in other therapeutic areas. In August 2023, Bristol Myers Squibb partnered with Cellares for
300-680: A building (now known as Alexander Johnston Hall ) across College Avenue from Old Queens. After Rutgers University became the state university of New Jersey in 1945, the Trustees of Rutgers divested itself of Rutgers Preparatory School, which relocated in 1957 to an estate purchased from Colgate-Palmolive in Franklin Township in neighboring Somerset County . The New Brunswick Theological Seminary , founded in 1784 in New York , moved to New Brunswick in 1810, sharing its quarters with
400-741: A city in 1784. It was incorporated into a town in 1798 as part of the Township Act of 1798 . It was occupied by the British in the winter of 1776–1777 during the Revolutionary War . The Declaration of Independence received one of its first public readings, by Colonel John Neilson in New Brunswick on July 9, 1776, in the days following its promulgation by the Continental Congress . A bronze statue marking
500-634: A committee of white residents who were charged with rounding up and detaining free African Americans who appeared to be out of place according to white authorities. New Brunswick became a notorious city for slave hunters, who sought to enforce the Fugitive Slave Act of 1850 . Strategically located on the Raritan River, the city was also a vital hub for New Jersey's Underground Railroad . For runaway slaves in New Jersey, it served as
600-529: A deferred prosecution agreement, the company was placed under the oversight of a monitor appointed by the U.S. attorney in New Jersey. In addition, the former head of the Pharma group, Richard Lane, and the ex-CFO, Fred Schiff, were indicted for federal securities violations. In July 2006, an investigation of the company was made public, and the FBI raided the company's corporate offices. The investigation centered on
700-416: A favorable route for those heading to New York and Canada. When African Americans tried to escape either to or from New Brunswick, they had a high likelihood of getting discovered and captured and sent to New Brunswick's jail, which was located on Prince Street, which by now is renamed Bayard Street. New Brunswick has been described as the nation's "most Hungarian city", with Hungarian immigrants arriving in
800-443: A female householder with no husband present and 45.1% were non-families. Of all households, 25.8% were made up of individuals and 7.2% had someone living alone who was 65 years of age or older. The average household size was 3.36 and the average family size was 3.91. 21.1% of the population were under the age of 18, 33.2% from 18 to 24, 28.4% from 25 to 44, 12.2% from 45 to 64, and 5.2% who were 65 years of age or older. The median age
900-511: A growing community of free people of color. The 1810 United States Census listed 53 free Blacks and 164 slaves in New Brunswick. By the 1810s, some free African Americans lived in a section of the city called Halfpenny Town, which was located along the Raritan River by the east side of the city, near Queen (now Neilson) Street. Halfpenny Town was a place populated by free blacks as well as poorer whites who did not own slaves. This place
1000-616: A hub for newspaper production and distribution. The Fredonian , a popular newspaper, was located less than a block away from the aforementioned Market-House and helped facilitate commercial transactions. A prominent part of the local newspapers were sections dedicated to private owners who would advertise their slaves for sale. The trend of advertising slave sales in newspapers shows that the New Brunswick residents typically preferred selling and buying slaves privately and individually rather than in large groups. The majority of individual advertisements were for female slaves, and their average age at
1100-619: A meeting every month, mostly in the homes of free blacks. Sometimes these meetings were held at the First Presbyterian Church. Originally intended to provide financial support for the African School of New Brunswick, the African Association grew into a space where blacks could congregate and share ideas on a variety of topics such as religion, abolition and colonization. Slaves were required to obtain
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#17327759898871200-413: A monopoly on Taxol , its cancer treatment, and it was again sued for the antitrust lawsuit five years later, which cost the company $ 125 million for settlement. Also in 2002, Bristol-Myers Squibb was involved in an accounting scandal that resulted in a significant restatement of revenues from 1999 to 2001. The restatement was the result of an improper booking of sales related to " channel stuffing " as
1300-425: A multiyear program of on-going layoffs. This was part of a business strategy launched in 2007 to transform the company from a large, diversified pharmaceutical company to a specialty biopharma company, which also included the closure of half of their manufacturing facilities. As another cost-cutting measure, Bristol-Myers Squibb also reduced health-care subsidies for retirees and planned to freeze their pension plan at
1400-443: A new world headquarters building in the area between Albany Street, Amtrak's Northeast Corridor, Route 18, and George Street, requiring many old buildings and historic roads to be removed. The Hiram Market area, a historic district that by the 1970s had become a mostly Puerto Rican and Dominican-American neighborhood, was demolished to build a Hyatt hotel and conference center, and upscale housing. Johnson & Johnson guaranteed
1500-410: A pass from their owner in order to attend these meetings. The African Association worked closely with Whites and was generally favored amongst White residents who believed it would bring more racial peace and harmony to New Brunswick. The African Association of New Brunswick established the African School in 1822. The African School was first hosted in the home of Caesar Rappleyea in 1823. The school
1600-486: A plot of land on Division Street for the purpose of erecting a church building. This was the first African American church in Middlesex County. The church had approximately 30 members in its early years. The church is still in operation and is currently located at 39 Hildebrand Way. The street Hildebrand Way is named after the late Rev. Henry Alphonso Hildebrand, who was pastor of Mount Zion AME for 37 years, which
1700-591: A population of 55,846 for 2023, making it the 719th-most populous municipality in the nation. Due to the concentration of medical facilities in the area, including Rutgers Robert Wood Johnson University Hospital and medical school , and Saint Peter's University Hospital , New Brunswick is known as both the Hub City and the Healthcare City . The corporate headquarters and production facilities of several global pharmaceutical companies are situated in
1800-466: A reduced 3.3125% sales tax rate (half of the 6 + 5 ⁄ 8 % rate charged statewide) at eligible merchants. Established in December 2004, the city's Urban Enterprise Zone status expires in December 2024. The New Brunswick Performing Arts Center opened 2019. Three neighboring professional venues, Crossroads Theatre designed by Parsons+Fernandez-Casteleiro Architects from New York. In 1999,
1900-649: A refresher to the company's pipeline, helping to overcome from declining sales of Opdivo relative to competitor Keytruda . Under the terms of the deal, Celgene shareholders would receive one BMS share as well as $ 50 in cash for each Celgene share held, valuing Celgene at $ 102.43 a share; representing a 54% premium to the previous days closing price. Investor opposition to this acquisition, leading into an 12 April shareholder vote, appeared when BMS's second-largest investor, Wellington Management , voiced its opposition, followed by investor Starboard Value . In April 2019 BMS announced that 75% of its shareholders voted to approve
2000-401: A stake in the company, signaling a potential future takeover from the likes of Gilead Sciences . In April 2018, the company reported net income of $ 1.5 billion, or 91 cents per share, for the first quarter of the year, thanks to the increased sales of their cancer drug Opdivo. In August 2009, during a major restructuring activity, BMS acquired the biotechnology firm Medarex as part of
2100-553: A tavern called the 'Sign of the Red Lion' on the corner of Albany and Neilson Streets (now the grounds of the Johnson & Johnson corporate headquarters); Leydt would become the university's first graduate in 1774 when he was the only member of the graduating class. The Sign of the Red Lion was purchased on behalf of Queens College in 1771, and later sold to the estate of Jacob Rutsen Hardenbergh in 1791. Classes were held through
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#17327759898872200-623: Is bordered by the municipalities of Piscataway, Highland Park and Edison across the Raritan River to the north by way of the Donald and Morris Goodkind Bridges , and also by North Brunswick to the southwest, East Brunswick to the southeast, all in Middlesex County; and by Franklin Township in Somerset County . While the city does not hold elections based on a ward system it has been so divided. There are several neighborhoods in
2300-469: Is different from Wikidata All article disambiguation pages All disambiguation pages Somerset Street (New Brunswick) If I had to fall I wish it had been on the sidewalks of New York, not the sidewalks of New Brunswick, N.J. — Alfred E. Smith to Lew Dockstader in December 1923 on Dockstader's fall at what is now the State Theater . New Brunswick is a city in and
2400-472: Is located on the southern banks of the Raritan River in the heart of the Raritan Valley region. As of the 2020 United States census , the city's population was 55,266, an increase of 85 (+0.2%) from the 2010 census count of 55,181, which in turn reflected an increase of 6,608 (+13.6%) from the 48,573 counted in the 2000 census . The Census Bureau 's Population Estimates Program calculated
2500-595: Is self-identified as Hispanic, the 14th highest percentage among municipalities in New Jersey. Since the 1960s, many of the new residents of New Brunswick have come from Latin America. Many citizens moved from Puerto Rico in the 1970s. In the 1980s, many immigrated from the Dominican Republic, and still later from Guatemala, Honduras, Ecuador and Mexico. New Brunswick is one of nine cities in New Jersey designated as eligible for Urban Transit Hub Tax Credits by
2600-491: Is the first novel type of treatment for the devitalizing, chronic mental disorder in the last 70 years. The following is an illustration of the company's major mergers and acquisitions and historical predecessors: For the fiscal year 2018,Bristol Myers Squibb reported earnings of US$ 1.007 billion, with an annual revenue of US$ 20.776 billion, an increase of 6.9% over the previous fiscal cycle. Bristol-Myers Squibb's shares traded at over $ 55 per share, and its market capitalization
2700-545: Is the longest appointment received by a pastor at Mount Zion AME. Records from the April 1828 census, conducted by the New Brunswick Common Council, state that New Brunswick was populated with 4,435 white residents and 374 free African Americans. The enslaved population of New Brunswick in 1828 consisted of 57 slaves who must serve for life and 127 slaves eligible for emancipation at age 21 or 25 due to
2800-551: The FDA accepted Karuna Therapeutics' NDA for KarXT, for the treatment of schizophrenia in adults. The acquisition of Karuna Therapeutics was completed in March 2024. The company entered into an agreement to purchase RayzeBio, for approximately $ 4.1 billion, in December 2023. On 26 September 2024, The Food and Drug Administration has given approval to one of Bristol Myers Squibb’s most anticipated schizophrenia drugs named Cobenfy which
2900-566: The Gradual Abolition of Slavery in 1804. Under the provisions of this law, children born to enslaved women after July 4, 1804, would serve their master for a term of 21 years (for girls) or a term of 25 years (for boys), and after this term, they would gain their freedom. However, all individuals who were enslaved before July 4, 1804, would continue to be slaves for life and would never attain freedom under this law. New Brunswick continued to be home to enslaved African Americans alongside
3000-489: The National Medal of Technology , the nation's highest recognition for technological achievement, "for extending, and enhancing human life through innovative pharmaceutical research and development and for redefining the science of clinical study through groundbreaking and hugely complex clinical trials that are recognized models in the industry." In 2002, the company was involved in a lawsuit of illegally maintaining
3100-532: The New Brunswick Public Schools , focused on health sciences . Portions of the city are part of an Urban Enterprise Zone (UEZ), one of 32 zones covering 37 municipalities statewide. New Brunswick was selected in 2004 as one of two zones added to participate in the program. In addition to other benefits to encourage employment and investment within the Zone, shoppers can take advantage of
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3200-475: The New Jersey Legislature on September 1, 1784. The existence of an African American community in New Brunswick dates back to the 18th century, when racial slavery was a part of life in the city and the surrounding area. Local slaveholders routinely bought and sold African American children, women, and men in New Brunswick in the late-eighteenth and early-nineteenth century. In this period,
3300-537: The United States Census Bureau , the city had a total area of 5.75 square miles (14.9 km ), including 5.23 square miles (13.5 km ) of land and 0.52 square miles (1.3 km ) of water (9.06%). New Brunswick is on the south side of Raritan Valley along with Piscataway , Highland Park , Edison , and Franklin Township . New Brunswick lies southwest of Newark and New York City and northeast of Trenton and Philadelphia. New Brunswick
3400-533: The county seat of Middlesex County , in the U.S. state of New Jersey . A regional commercial hub for central New Jersey , the city is both a college town (the home of Rutgers University–New Brunswick , the state's largest university) and a commuter town for residents commuting to New York City within the New York metropolitan area . New Brunswick is on the Northeast Corridor rail line , 27 miles (43 km) southwest of Manhattan . The city
3500-604: The 1804 Act for the Gradual Abolition of Slavery. Free and enslaved African Americans accounted for 11% of New Brunswick's population in 1828, a relatively high percentage for New Jersey. By comparison, as of the 1830 United States Census , African Americans made up approximately 6.4% of the total population of New Jersey. In 1824, the New Brunswick Common Council adopted a curfew for free people of color. Free African Americans were not allowed to be out after 10 pm on Saturday night. The Common Council also appointed
3600-566: The 1890s, the company introduced its first nationally recognized product Sal Hepatica , a laxative mineral salt, followed by Ipana toothpaste in 1901. Other divisions were Clairol (hair colors and haircare) and Drackett (household products such as Windex and Drano ). In 1943, Bristol-Myers acquired Cheplin Biological Laboratories, a producer of acidophilus milk in East Syracuse, New York , and converted
3700-554: The American Revolution in various taverns and boarding houses, and at a building known as College Hall on George Street, until Old Queens was completed and opened in 1811. It remains the oldest building on the Rutgers University campus. The Queen's College Grammar School (now Rutgers Preparatory School ) was established also in 1766, and shared facilities with the college until 1830, when it located in
3800-562: The Association which made some slave owners feel safe sending their slaves there by using a permission slip process. The main belief of these White supporters was that Blacks were still unfit for American citizenship and residence, and some trustees were connected with the American Colonization Society that advocated for the migration of free African Americans to Africa. The White trustees only attended some of
3900-577: The Crossroads Theatre won the prestigious Tony Award for Outstanding Regional Theatre. Crossroads is the first African American theater to receive this honor in the 33-year history of this special award category. George Street Playhouse (founded in 1974) and the State Theatre (constructed in 1921 for vaudeville and silent films) also form the heart of the local theatre scene. Crossroad Theatre houses American Repertory Ballet and
4000-571: The Market-House was the center of commercial life in the city. It was located at the corner of Hiram Street and Queen Street (now Neilson Street) adjacent to the Raritan Wharf. The site was a place where residents of New Brunswick sold and traded their goods which made it an integral part of the city's economy. The Market-House also served as a site for regular slave auctions and sales. By the late-eighteenth century, New Brunswick became
4100-479: The Princeton Ballet School . Rutgers University has student-run companies such as Cabaret Theatre, The Livingston Theatre Company, and College Avenue Players which perform everything from musicals to dramatic plays to sketch comedy. New Brunswick Today is a print and digital publication launched in 2011 by Rutgers journalism alumnus Charlie Kratovil which uses the tagline "Independent news for
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4200-467: The beginning of the new millennium, a number of high-rise residential buildings have been added to the city's skyline . clustered around the New Brunswick station have joined those built in the 1960s on the city's skyline. Of the 16 buildings over 150 feet (46 m), nine of them were built in the 21st century; several others are approved or proposed. I. M. Pei (est) According to
4300-514: The borough was $ 16,395 (+/− $ 979). About 15.5% of families and 25.8% of the population were below the poverty line , including 25.4% of those under age 18 and 16.9% of those age 65 or over. As of the 2000 United States census , there were 48,573 people, 13,057 households, and 7,207 families residing in the city. The population density was 9,293.5 inhabitants per square mile (3,588.2/km ). There were 13,893 housing units at an average density of 2,658.1 per square mile (1,026.3/km ). The racial makeup of
4400-518: The business announced it would acquire Forbius and its TGF-beta 1 & TGF-beta 3 inhibitors. In October, BMS announced it would acquire cardiology company MyoKardia for $ 13.1 billion ($ 225 per share) gaining control of mavacamten, a cardiovascular drug for obstructive hypertrophic cardiomyopathy (HCM), and the development of two key treatments: danicamtiv (MYK-491) and MYK-224 . In June 2022, BMS announced it would acquire Turning Point Therapeutics Inc for $ 4.1 billion in cash ($ 76 per share,
4500-525: The city also testify to its Hungarian heritage. There is a street and a park named after Lajos Kossuth , one of the leaders of the Hungarian Revolution of 1848 . The corner of Somerset Street and Plum Street is named Mindszenty Square where the first ever statue of Cardinal József Mindszenty was erected. A stone memorial to the victims of the 1956 Hungarian Revolution stands nearby. In the 2010 Census, about 50% of New Brunswick's population
4600-548: The city as early as 1888 and accounting for almost 20% of the city's population in 1915. Hungarians were primarily attracted to the city by employment at Johnson & Johnson factories located in the city. Hungarians settled mainly in what today is the Fifth Ward and businesses were established to serve the needs of the Hungarian community that weren't being met by mainstream businesses. The immigrant population grew until
4700-500: The city gets its name from King George II of Great Britain , the Duke of Brunswick-Lüneburg . Centrally located between New York City and Philadelphia along an early thoroughfare known as the King's Highway and situated along the Raritan River , New Brunswick became an important hub for Colonial travelers and traders. New Brunswick was incorporated as a town in 1736 and chartered as
4800-817: The city held on Somerset Street on the first Saturday of June each year; the 44th annual event was held in 2019. Many Hungarian institutions set up by the community remain and are active in the neighborhood, including: Magyar Reformed Church, Ascension Lutheran Church, St. Ladislaus Roman Catholic Church, St. Joseph Byzantine Catholic Church, Hungarian American Athletic Club, Aprokfalva Montessori Preschool, Széchenyi Hungarian Community School & Kindergarten, Teleki Pál Scout Home, Hungarian American Foundation, Vers Hangja, Hungarian Poetry Group, Bolyai Lecture Series on Arts and Sciences, Hungarian Alumni Association, Hungarian Radio Program, Hungarian Civic Association, Committee of Hungarian Churches and Organizations of New Brunswick, and Csűrdöngölő Folk Dance Ensemble. Several landmarks in
4900-669: The city of Braunschweig ( Brunswick in Low German ), in the state of Lower Saxony , now located in Germany . Braunschweig was an influential and powerful city in the Hanseatic League and was an administrative seat for the Duchy of Hanover. Shortly after the first settlement of New Brunswick in colonial New Jersey, George, Duke of Brunswick-Lüneburg and Elector of Hanover, became King George I of Great Britain . Alternatively,
5000-437: The city was $ 36,080, and the median income for a family was $ 38,222. Males had a median income of $ 25,657 versus $ 23,604 for females. The per capita income for the city was $ 14,308. 27.0% of the population and 16.9% of families were below the poverty line. Out of the total people living in poverty, 25.9% were under the age of 18 and 13.8% were 65 or older. City Hall has promoted the nickname "The Health Care City" to reflect
5100-561: The city was 51.7% White , 24.5% African American , 1.2% Native American , 5.9% Asian , 0.2% Pacific Islander , 21.0% from other races , and 4.2% from two or more races. 39.01% of the population were Hispanic or Latino of any race. There were 13,057 households, of which 29.1% had children under the age of 18 living with them, 29.6% were married couples living together, 18.0% had a female householder with no husband present, and 44.8% were non-families. 24.3% of all households were made up of individuals, and 8.4% had someone living alone who
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#17327759898875200-400: The city, and in the 1930s one out of three city residents was Hungarian. The Hungarian community continues as a cohesive community, with the 3,200 Hungarian residents accounting for 8% of the population of New Brunswick in 1992. Growing Asian and Hispanic communities have developed around French Street near Robert Wood Johnson University Hospital. The area around present-day New Brunswick
5300-455: The city, including Johnson & Johnson and Bristol Myers Squibb . New Brunswick has evolved into a major center for the sciences, arts, and cultural activities . Downtown New Brunswick is developing a growing skyline , filling in with new high-rise towers . New Brunswick is noted for its ethnic diversity . At one time, one-quarter of the Hungarian population of New Jersey resided in
5400-616: The city, which include the Fifth Ward, Feaster Park , Lincoln Park , Raritan Gardens , and Edgebrook - Westons Mills . Under the Köppen climate classification , New Brunswick falls within either a hot-summer humid continental climate ( Dfa ) if the 0 °C (32 °F) isotherm is used or a humid subtropical climate ( Cfa ) if the −3 °C (27 °F) isotherm is used. New Brunswick has humid, hot summers and moderately cold winters with moderate to considerable rainfall throughout
5500-415: The city. Both work with Devco in a public–private partnership to redevelop downtown, particularly regarding transit-oriented development . Boraie Development, a real estate development firm based in New Brunswick, has developed projects using the incentives provided by Devco and the state. Christ Church , originally built in 1742, was the tallest building at the time of construction. A steeple
5600-484: The company acquired IFM Therapeutics for $ 300 million upfront, with contingency payments of $ 1.01 billion due on certain milestones – allowing BMS to better compete against Merck & Co 's cancer rival treatment, Keytruda . In early January 2019, the company announced it would acquire Celgene (NASDAQ:CELG) for $ 74 billion ($ 95 billion including debt ), in a deal that would become the largest pharmaceutical-company acquisition ever. The Celgene acquisition aimed to be
5700-442: The company acquired ZymoGenetics , securing an existing product, as well as pipeline assets in hepatitis C, cancer, and other therapeutic areas. Bristol Myers Squibb agreed to pay around $ 2.5 billion in cash to buy Inhibitex Inc. in attempt to compete with Gilead / Pharmasset to produce hepatitis C drugs. The settlement will be finished in 2 months for its Inhibitex's shareholders acceptance of 126% premium price of its price over
5800-605: The company acquired the cardiovascular disease drug developer Cardioxyl for up to $ 2.075 billion. The deal strengthens the BMS' critical pipelines with the phase II candidate for acute decompensated heart failure , CXL-1427 . In March 2016, the company announced it would acquire Padlock Therapeutics for up to $ 600 million. In early July, the company announced it would acquire Cormorant Pharmaceuticals for $ 520 million, boosting BMS' oncology offering through Cormorants monoclonal antibody targeted against interleukin-8 . In August 2017
5900-485: The company for matters covered by the DPA. Under CEO Jim Cornelius, who was CEO following Dolan until May 2010, all executives involved in the "channel-stuffing" and generic competition scandals have since left the company. In 2009, the company began a major restructuring focusing on the pharmaceutical business and biologic products, along with productivity initiatives and cost-cutting and streamlining business operations through
6000-574: The company obtained an exclusive opportunity to both licence and commercialise PROSTVAC , Bavarian Nordic 's phase III prostate-specific antigen targeting cancer immunotherapy. Bavarian Nordic would receive an upfront payment of $ 60 million and incremental payments up to $ 230 million, if the overall survival of test patients exceeds that seen in Phase II tests. Bavarian could also receive milestone payments of between $ 110 million and $ 495 million, dependent on regulatory authorization, and these payments have
6100-490: The company's "String of Pearls" strategy of alliances, partnerships, and acquisitions. In November 2009, Bristol Myers Squibb announced that it was "splitting off" Mead Johnson Nutrition by offering BMY shareholders the opportunity to exchange their stock for shares in Mead Johnson. According to Bristol Myers Squibb, this move was expected to further sharpen the company's focus on biopharmaceuticals. In October 2010,
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#17327759898876200-627: The company's products of "uniformity, purity, efficacy, and reliability based on research." Squibb Corporation served as a major supplier of medical goods to the Union Army during the American Civil War , providing portable medical kits containing morphine , surgical anesthetics, and quinine for the treatment of malaria (which was endemic in most of the Eastern United States at that time). In 1944, Squibb opened
6300-575: The distribution of Plavix and charges of collusion . On 12 September 2006, the monitor, former Federal Judge Frederick B. Lacey , urged the company to remove then-CEO Peter Dolan over the Plavix dispute. Later that day, BMS announced that Dolan would indeed step down. The deferred prosecution agreement expired in June 2007 and the Department of Justice did not take any further legal action against
6400-535: The end of 2009. BMS is a Fortune 500 Company (#114 in 2010 list). Newsweek's 2009 Green Ranking recognized Bristol-Myers Squibb as eighth among 500 of the largest United States corporations. Also, BMS was included in the 2009 Dow Jones Sustainability North America Index of leading sustainability-driven companies. Lamberto Andreotti was named CEO in 2010; he had previously served as "president and COO responsible for all pharmaceutical operations worldwide." In 2010, Lou Schmukler joined Bristol-Myers Squibb as
6500-536: The end of the immigration boom in the early 20th century. During the Cold War , the community was revitalized by the decision to process the tens of thousands refugees who came to the United States from the failed 1956 Hungarian Revolution at Camp Kilmer , in nearby Edison . Even though the Hungarian population has been largely supplanted by newer immigrants, there continues to be a Hungarian Festival in
6600-621: The event was dedicated on July 9, 2017, in Monument Square, in front of the Heldrich Hotel. The Trustees of Queen's College (now Rutgers University ), founded in 1766, voted by a margin of ten to seven in 1771 to locate the young college in New Brunswick, selecting the city over Hackensack , in Bergen County, New Jersey . Classes began in 1771 with one instructor, one sophomore, Matthew Leydt , and several freshmen at
6700-403: The fledgling Queen's College. (Queen's closed from 1810 to 1825 due to financial problems, and reopened in 1825 as Rutgers College.) The Seminary, due to overcrowding and differences over the mission of Rutgers College as a secular institution, moved to a tract of land covering 7 acres (2.8 ha) located less than 1 ⁄ 2 mile (0.80 km) to the west, which it still occupies, although
6800-453: The fundamentals of pharmacy are found in many medical papers of the late 1800s. The American Journal of Pharmacy published more than one hundred papers of Squibb's research surrounding the industry. The sons of Edward Squibb sold the company to Lowell M. Palmer and Theodore Weicker in 1905, who incorporated the company. Around this time, the Squibb logo was developed, which represented
6900-458: The greater New Brunswick community". The publication has covered issues with the city's water utility among others and was featured on Full Frontal with Samantha Bee . Bristol Myers Squibb The Bristol-Myers Squibb Company , doing business as Bristol Myers Squibb ( BMS ), is an American multinational pharmaceutical company . Headquartered in Princeton, New Jersey , BMS is one of
7000-433: The importance of the healthcare industry to its economy. The city is home to the world headquarters of Johnson & Johnson , along with several medical teaching and research institutions. Described as the first magnet secondary school program teaching directly affiliated with a teaching hospital and a medical school, New Brunswick Health Sciences Technology High School is a public high school, that operates as part of
7100-472: The investment made by Hyatt Hotels, as they were wary of building an upscale hotel in a run-down area. Devco, the hospitals, and the city government have drawn ire from both historic preservationists , those opposing gentrification and those concerned with eminent domain abuses and tax abatements for developers. New Brunswick is home to the main campus of Rutgers University and Johnson & Johnson , which in 1983 constructed its new headquarters in
7200-457: The land is now in the middle of Rutgers University's College Avenue Campus . New Brunswick was formed by royal charter on December 30, 1730, within other townships in Middlesex and Somerset counties and was reformed by royal charter with the same boundaries on February 12, 1763, at which time it was divided into north and south wards. New Brunswick was incorporated as a city by an act of
7300-541: The meetings of the African Association, and the Association was still unprecedented as a space for both enslaved and free Blacks to get together while under minimal supervision by Whites. The African Association appears to have disbanded after 1824. By 1827, free and enslaved Black people in the city, including Joseph and Jane Hoagland, came together to establish the Mount Zion African Methodist Episcopal Church and purchased
7400-532: The pending merger with Celgene. Transaction to close in the third quarter of 2019, subject to regulatory approvals. Newly issued BMS shares and CVRs will commence trading on the New York Stock Exchange, with the CVRs trading under the symbol 'BMYRT'. The strategic divestment of the company's consumer health business, UPSA, to Taisho completed in 2019. UPSA focused product delivery on France and
7500-744: The phenomenon known as " white flight ." Beginning in 1975, Rutgers University , Johnson & Johnson and the city's government collaborated through the New Jersey Economic Development Authority to form the New Brunswick Development Company (DevCo), with the goal of revitalizing the city center and redeveloping neighborhoods considered to be blighted and dangerous (via demolition of existing buildings and construction of new ones). Johnson & Johnson announced in 1978 that they would remain in New Brunswick and invest $ 50 million to build
7600-801: The plant to produce penicillin for the World War II Allied forces . After the war, the company renamed the plant Bristol Laboratories in 1945 and entered the civilian antibiotics market, where it faced competition from Squibb. Penicillin production at the East Syracuse plant ended in 2005, when it became less expensive to produce overseas. As of 2010, the facility was used for the manufacturing process development and production of other biologic medicines for clinical trials and commercial use. In 1989, Bristol-Myers and Squibb merged and became Bristol-Myers Squibb. In 1999, then-U.S. President Bill Clinton awarded Bristol-Myers Squibb
7700-430: The potential to total up to $ 975 million. In May 2015, Dr. Giovanni Caforio became CEO of the company; Caforio was formerly the company's COO and succeeded Andreotti upon his retirement. Andreotti subsequently succeeded James Cornelius as executive chairman upon his retirement. In late February 2017, The Wall Street Journal and Fortune , among others, reported that activist investor Carl Icahn had taken
7800-807: The practice of offering excess inventory to customers to create higher sales numbers. The company has since settled with the United States Department of Justice and Securities and Exchange Commission , agreeing to pay $ 150 million, while neither admitting nor denying guilt. On 24 October 2002, Bristol-Myers Squibb Co. restated earnings downward for parts of 2000 and 2001, while revising 2002 earnings upward because of its massive inventory backlog imbroglio that spurred two government investigations. On 15 March 2004, Bristol-Myers Squibb Co. adjusted upward its fourth-quarter and full-year 2003 results after reversing an earlier decision about how to deal with accounting errors made in prior years. As part of
7900-424: The president of global product development and design. Schmukler led the team that completed the company's strategic transformation to a specialty biopharmaceutical company that had begun in 2007. As of 2011, the company had a dozen manufacturing facilities and six product development sites. Citing major developments and a market capitalization of US$ 87 billion and stock appreciation of 61.4%, Bristol-Myers Squibb
8000-504: The previous 20 trading days ended on 6 January. On 29 June, BMS extended its portfolio of diabetes treatments when it agreed to buy Amylin Pharmaceuticals for around US$ 5.3 billion in cash and pay US$ 1.7 billion to Eli Lilly to cover Amylin's debt and its outstanding collaboration-related obligations. AstraZeneca , which already collaborated on several diabetes treatments with BMS, agreed to pay US$ 3.4 billion in cash for
8100-590: The rest of Europe. As early as 2005, the company had divested individual consumer products, and its US- and Canada-focused consumer products business. In August, the Amgen announced it would acquire the Otezla drug programme from Celgene for $ 13.4 billion, as part of Celgene and BMS's merger deal. In February 2020, BMS and partner Biomotiv launched a new company called Anteros Pharmaceuticals, which focuses on creating inflammation and fibrosis medicines. In August,
8200-402: The right to continue development of Amylin's products. Two years later, the company divested Amylin to AstraZeneca. In April 2014, BMS announced its acquisition of iPierian for up to $ 725 million. In February 2015, the company acquired Flexus Biosciences for $ 1.25 billion. As part of this deal, BMS will gain full rights to Flexus' lead small molecule IDO1-inhibitor , F001287. In November,
8300-426: The robotic production of CAR-T treatments of which it has two approved. In September 2023, BMS announced it would pay Zenas BioPharma $ 50m upfront for a strategic license and collaboration to develop and commercialise obexelimab , a novel, bi-functional antibody for autoimmune diseases. In October 2023, BMS agreed to acquire Mirati Therapeutics , an American biotechnology company that develops targeted therapies for
8400-401: The state's Economic Development Authority . Developers who invest a minimum of $ 50 million within a half-mile of a train station are eligible for pro-rated tax credit . New Brunswick contains a number of examples of urban renewal in the United States. In the 1960s–1970s, the downtown area became blighted as middle class residents moved to newer suburbs surrounding the city, an example of
8500-482: The time of the sale was 20 years old, which was considered the prime age for childbearing. Slave owners would get the most profit from the women who fit into this category because these women had the potential to reproduce another generation of enslaved workers. Additionally, in the urban environment of New Brunswick, there was a high demand for domestic labor, and female workers were preferred for cooking and housework tasks. The New Jersey Legislature passed An Act for
8600-522: The treatment of cancer, in an all-cash deal worth $ 4.8 billion, and an additional $ 1 billion in milestone payment. The acquisition was completed in January 2024. In December 2023, BMS signed an agreement for the acquisition of Karuna Therapeutics for an equity value totaling $ 14 billion. The acquisition included Karuna's lead asset, KarXT , an investigational muscarinic antipsychotic combination of Xanomeline and Trospium . In November 2023,
8700-555: The world's largest penicillin plant in New Brunswick, New Jersey . In 1887, Hamilton College graduates William McLaren Bristol and John Ripley Myers purchased the Clinton Pharmaceutical company of Clinton , New York. In May 1898, they decided to rename it Bristol, Myers and Company . Following Myers' death in 1899, Bristol changed the name to the Bristol-Myers Corporation . During
8800-1262: The world's largest pharmaceutical companies and consistently ranks on the Fortune 500 list of the largest U.S. corporations. For fiscal 2022, it had a total revenue of $ 46.2 billion. Bristol Myers Squibb manufactures prescription pharmaceuticals and biologics in several therapeutic areas, including cancer , HIV/AIDS , cardiovascular disease , diabetes , hepatitis , rheumatoid arthritis , and psychiatric disorders . BMS's primary research and development (R&D) sites are located in Lawrence, New Jersey (formerly Squibb, near Princeton ), Summit, New Jersey , formerly HQ of Celgene , New Brunswick, New Jersey , Redwood City, California , and Seville in Spain, with other sites in Devens and Cambridge, Massachusetts , Braine-l'Alleud , Belgium, Tokyo , Japan, Hyderabad ; Bangalore , India and Wirral , United Kingdom. BMS previously had an R&D site in Wallingford, Connecticut (formerly Bristol-Myers). The Squibb corporation
8900-527: The year. There is no marked wet or dry season. The average seasonal (October–April) snowfall total is around 29 inches (74 cm). The average snowiest month is February, which corresponds to the annual peak in nor'easter activity. The 2010 United States census counted 55,181 people, 14,119 households, and 7,751 families in the city. The population density was 10,556.4 per square mile (4,075.8/km ). There were 15,053 housing units at an average density of 2,879.7 per square mile (1,111.9/km ). The racial makeup
9000-497: Was 23.3 years. For every 100 females, the population had 105.0 males. For every 100 females ages 18 and older there were 105.3 males. The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $ 44,543 (with a margin of error of +/− $ 2,356) and the median family income was $ 44,455 (+/− $ 3,526). Males had a median income of $ 31,313 (+/− $ 1,265) versus $ 28,858 (+/− $ 1,771) for females. The per capita income for
9100-431: Was 45.43% (25,071) White , 16.04% (8,852) Black or African American , 0.90% (498) Native American , 7.60% (4,195) Asian , 0.03% (19) Pacific Islander , 25.59% (14,122) from other races , and 4.39% (2,424) from two or more races. Hispanic or Latino of any race were 49.93% (27,553) of the population. Of the 14,119 households, 31.0% had children under the age of 18; 29.2% were married couples living together; 17.5% had
9200-438: Was 65 years of age or older. The average household size was 3.23 and the average family size was 3.69. 20.1% of the population were under the age of 18, 34.0% from 18 to 24, 28.1% from 25 to 44, 11.3% from 45 to 64, and 6.5% who were 65 years of age or older. The median age was 24 years. For every 100 females, there were 98.4 males. For every 100 females age 18 and over, there were 96.8 males. The median household income in
9300-629: Was added in 1773 and replaced in 1803. The six-story First Reformed Church , built in 1812, was long the city's tallest structure. One of the earliest tall commercial buildings in the city was the eight-story 112.5 ft (34.29 m) National Bank of New Jersey built in 1908. The four nine-story 125 ft (38 m) buildings of the New Brunswick Homes housing project, originally built in 1958, were demolished by implosion in 2000 and largely replaced by low-rise housing. While there are no buildings over 300 feet (91 meters), since
9400-498: Was first inhabited by the Lenape Native Americans , whose Minisink Trail intersected the Raritan River and followed a route that would be taken by later colonial roads. The first European settlement at the site of New Brunswick was made in 1681. The settlement here was called Prigmore's Swamp (1681–1697), then known as Inian's Ferry (1691–1714). In 1714, the settlement was given the name New Brunswick, after
9500-617: Was founded in 1858 by Edward Robinson Squibb in Brooklyn , New York. Squibb was known as an advocate of quality control and high purity standards early within the pharmaceutical industry. He went on to self-publish an alternative to the U.S. Pharmacopeia titled Squibb's Ephemeris of Materia Medica, after failing to convince the American Medical Association to incorporate higher purity standards. Materia Medica , Squibb products, and Edward Squibb's opinion on
9600-584: Was known as a social gathering for free blacks that was not completely influenced by white scrutiny and allowed free blacks to socialize among themselves. This does not mean that it was free from white eyes and was still under the negative effects of the slavery era. In the early decades of the nineteenth century, White and either free or enslaved African Americans shared many of the same spaces in New Brunswick, particularly places of worship. The First Presbyterian Church, Christ Church, and First Reformed Church were popular among both Whites and Blacks, and New Brunswick
9700-533: Was located on the upper end of Church Street in the downtown area of New Brunswick about two blocks away from the jail that held escaped slaves. Both free and enslaved Blacks were welcome to be members of the School. Reverend Huntington (pastor of the First Presbyterian Church ) and several other prominent Whites were trustees of the African Association of New Brunswick. These trustees supported
9800-483: Was notable for its lack of spaces where African Americans could congregate exclusively. Most of the time Black congregants of these churches were under the surveillance of Whites. That was the case until the creation of the African Association of New Brunswick in 1817. Both free and enslaved African Americans were active in the establishment of the African Association of New Brunswick, whose meetings were first held in 1817. The African Association of New Brunswick held
9900-482: Was ranked as the best drug company of 2013 by Forbes magazine . In December 2014, the company received FDA approval for the use of the PD-1 inhibitor nivolumab (Opdivo) in treating patients whose skin cancer cannot be removed or have not responded to previous drug therapies. In February 2015, the company initiated a research partnership with Rigel Pharmaceuticals which could generate more than $ 339 million. In March,
10000-462: Was valued at over US$ 81.6 billion in October 2018. In 2018, 85% of the company's revenues came from just five products. In 2018, Bristol-Myers Squibb spent 36% of its total revenue on R&D expenses. Bristol-Myers Squibb ranked 145th on the Fortune 500 list of the largest United States corporations by revenue in 2018. Bristol Myers Squibb reported Total CO2e emissions (Direct + Indirect) for
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