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Celgene Focuses On Deals, Pipeline As Post-Revlimid Future Draws Closer

 
• By Mandy Jackson

Celgene's fourth quarter earnings report delivered no revenue surprises, but the company noted its pipeline progress and insisted that business development is the main priority for its $12bn in cash as it looks to bring in new assets that can boost post-Revlimid growth.

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Celgene Corp. has committed more than $10bn to two big acquisitions already this year, but the company's biggest priority for its $12bn in cash as of the end of 2017 is to do more deals, executives said during a Jan. 25 fourth quarter earnings conference call.

The primary concern for Celgene's investors is how the company will replace revenue from its top-selling product Revlimid (lenalidomide) when...

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Competition Weighs On Gilead’s CAR-Ts As Both See Sales Decline

 
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