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Celgene Diversifying Beyond Myeloma Backbone Revlimid

 
• By Mandy Jackson

Celgene Corp.'s product sales increased 21% and earnings grew 27% in 2015, as expected based on guidance given earlier in January, but the company is poised for revenue gains beyond its multiple myeloma backbone therapy Revlimid (lenalidomide) as new product sales growth continues.

Celgene Corp.'s product sales increased 21% and earnings grew 27% in 2015, as expected based on guidance given earlier in January, but the company is poised for revenue gains beyond its multiple myeloma backbone therapy Revlimid (lenalidomide) as new product sales growth continues.

Revlimid will remain the largest income producer in Celgene's portfolio for the foreseeable future, but executives highlighted sales gains for newer myeloma and psoriasis products during the company's 2015 earnings...

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