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Celgene Shares Good News On Ozanimod, Quietly Dumps Pricey GED-0301

 
• By Mandy Jackson

Strong Q1 results and a plan to refile ozanimod in early 2019 may help investors regain confidence in Celgene, but a lot depends on the company's pipeline, which had an additional setback with discontinuation of all GED-0301 development.

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Celgene Corp. told investors almost exactly what they needed to hear during its earnings report on May 4 – that the company's first quarter revenue exceeded expectations enough to boost full-year guidance, and that multiple sclerosis drug ozanimod is on track for resubmission at the US FDA in the first quarter of 2019.

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