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Celgene's Focus On Execution Pays Off, But Follow-Through Is Key

 
• By Mandy Jackson

Third quarter sales grew 18.5% to $3.89bn, beating consensus with Otezla's contribution of 40.3% growth. After several disappointments, Celgene appears to be back on track with efforts to boost revenue before Revlimid generics hit in 2022.

Businessman draws a statistical trend line

Celgene Corp.'s diversification and growth strategy appears to be back on track after several setbacks, though continued execution is needed to diminish skepticism that the company will be able to replace revenue from its biggest seller Revlimid (lenalidomide) when generics launch in 2022.

Third quarter net product sales grew 18.5% year-over-year to $3.89bn, driven significantly by Otezla (apremilast) sales, which jumped 40.3% to $432m globally. The PDE4 inhibitor approved to treat moderate-to-severe psoriasis...

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• By Anju Ghangurde

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• By Andy Smith

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• By Vibha Ravi

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• By Lisa Takagi

Japanese majors put in generally solid performances in the fiscal year ended 31 March, but overseas revenues and forex effects, rather than the domestic market, provided most of the growth.

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• By Kevin Grogan

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Quick Listen: Scrip’s Five Must-Know Things

 
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