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The Worst News for Celgene

Keith Speights
January 7, 2013

Celgene (NASDAQ: CELG) presented today at J.P. Morgan's Annual Healthcare Conference. What was the worst news? The company projects 2013 sales for Revlimid of $4.1 billion to $4.2 billion, while expectations were for $4.3 billion. The worst news was easy to find, though, because it presented about the only negative in a presentation full of good news. Here are the highlights.

More success for apremilast
Breaking news at the conference stemmed from Celgene's announcement that apremilast met primary and major secondary endpoints in two phase 3 studies for treatment of psoriasis. With these latest results, five successful late-stage trials for apremilast have been completed.

Earlier successful clinical studies