BMS posts last financials for medical imaging business

Pharmaceutical developer Bristol-Myers Squibb (BMS) has posted its 2007 fourth-quarter and year-end financial results (end-December 31), including results for the medical imaging division that it sold to venture capital firm Avista Capital Partners last month.

The New York City-based company presented results for the medical imaging business as a discontinued operation. Included in discontinued operations were fourth-quarter net sales of $142 million, down 10% compared to $156 million in sales in the same period of 2006.

For the full year, the company's discontinued operations produced sales of $629 million, down 5% compared with $658 million in the previous year, according to Bristol-Myers Squibb.

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