Celgene Gives Reassurances That Key Products And Programs Remain On Track

Celgene's quarterly earnings call was all about reassuring investors that its products and pipeline will deliver the full value of the company's acquisition by Bristol-Myers after the deal closes in the third quarter.

Businessman draws a statistical trend line

With Bristol-Myers Squibb Co.'s $74bn acquisition of Celgene Corp. set to close in the third quarter – a deal that requires shareholder approval – Celgene spent its Jan. 31 earnings conference call reassuring investors that sales of its marketed drugs are growing and its pipeline programs remain on track.

In addition to Celgene's four blockbuster commercial products, Bristol highlighted five late-stage assets with US FDA approvals expected by 2020 as a big part of the justification for its big purchase when the deal was announced in early January

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