Celgene reports initial 2008 figures

26 January 2009

US drugmaker Celgene has forecast total revenue for 2008 of around $2.23 billion, due to rocketing sales of its oncology drug Revlimid  (lenalidomide).

Revlimid sales increased by 71% to $1.32 billion, while Vidaza  (azacitidine for injection) has made $207.0 million since its  acquisition by fellow-US company Pharmion during last year.

The firm's diluted earnings per share were up to around $1.55 to $1.56,  driven by what it calls substantial gains in market share and duration  during the year.

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