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Nasdaq:CELG
Celgene
Corp. is a commercial-stage biopharmaceutical company. The Company is primarily
engaged in the discovery, development and commercialization of small molecule
drugs designed to treat cancer and immunological diseases through gene
and protein regulation
Celgene
Reports Record Fourth Quarter and Full Year 2007 Product Sales and Operating
Profits PDF
Celgene
to Acquire Pharmion for $2.9 Billion in Cash and Stock
Pharmion's
Oncology Portfolio Further Strengthens Celgene's Pipeline
Accelerates
Celgene's Revenue and Earnings Growth, Accretive in 2009 and Beyond
SUMMIT,
N.J. & BOULDER, Colo.--(BUSINESS WIRE)--Nov. 18, 2007--Celgene Corporation
(Nasdaq: CELG) and Pharmion Corporation (Nasdaq: PHRM) today jointly announced
the signing of a definitive merger agreement pursuant to which Celgene
has agreed to acquire Pharmion. Under the terms of the merger agreement,
Celgene will acquire all of the outstanding shares of Pharmion common stock
for $72.00 per share payable in a combination of cash and shares of Celgene
common stock. The transaction is expected to be slightly dilutive to earnings
in 2008 and accretive in 2009 and beyond.
The
acquisition of Pharmion furthers Celgene's strategy to become a global
leader in the hematology/oncology field. The transaction brings together
three medically meaningful therapies, Revlimid(R), Thalomid(R) and Vidaza(R),
treating different patient populations worldwide. These products are expected
to generate multiple global revenue streams for accelerated revenue and
earnings growth over the next five years
Celgene
Corporation to Announce Second Quarter Results on July 26, 2007
SUMMIT,
N.J.--(BUSINESS WIRE)--July 10, 2007--Celgene Corporation (NASDAQ: CELG)
senior management will host a conference call and live audio webcast on
Thursday, July 26, 2007 at 9:00 am EDT to discuss the Company's second
quarter financial and operational results. The webcast will be available
in the investor relations section of the Company's website at www.celgene.com
Celgene
Corporation Reports Record Third Quarter Revenue and Operating Profits
Product
Sales Drive Record Third Quarter Revenue and Profits:
* Record Net Product Sales of $223.1 Million
- REVLIMID Achieved $101.3 Million in Net Product Sales
- THALOMID Net Product Sales Totaled $108.4 Million
* Record Adjusted Net Income of $59.4 Million with Adjusted Diluted Earnings
Per Share of $0.15
Financial Highlights of Third Quarter Performance Year-Over-Year:
* Total Revenue Increased 89.1% to a Record $244.8 Million
* Adjusted Operating Income Increased 682.1% to $79.4 Million
* Adjusted R&D Expenditures Increased to $64.1 Million to Support
Continued Expansion of Both REVLIMID and Promising Pipeline Clinical
Programs
* Adjusted SG&A Expenses Increased to $67.3 Million to Support Commercial
Activities for Multiple Product Launches, Including Preparations for
International Launches
SUMMIT,
N.J., Oct. 26 /PRNewswire-FirstCall/ -- Celgene Corporation (Nasdaq: CELG)
announced adjusted net income of $59.4 million, or adjusted earnings per
diluted share of $0.15 for the quarter ended September 30, 2006. Based
on U.S. Generally Accepted Accounting Principles (GAAP), Celgene reported
net income of $20.4 million, or diluted earnings per share of $0.05 for
the quarter ended September 30, 2006, including share-based employee compensation
expense, compared to net income in the prior year period of $0.7 million.
Total revenue was a record $244.8 million for the quarter ended September
30, 2006, an increase of 89.1% over the same period in 2005 driven by REVLIMID
net sales of $101.3 million, and THALOMID net sales of $108.4 million,
an increase of 9.3% year-over-year. ALKERAN(R) net sales for the Third
Quarter were $12.2 million in 2006 compared to $13.9 million in 2005. Revenue
from Focalin(TM) and the Ritalin(R) family of drugs totaled $17.9 million
for the Third Quarter of 2006 compared to $10.7 million over the same period
last year.
For
the nine-month period, total net product sales reached a record $559.7
million, an increase of 76.6% over the same period in 2005. REVLIMID(R)
sales for the nine-month period reached $196.8 million. THALOMID(R) sales
for the nine-month period of 2006 were $322.8 million compared to $282.0
million in 2005, an increase of 14.5% year-over-year. Celgene posted adjusted
net income of $135.7 million or adjusted earnings per diluted share of
$0.35, during the nine-month period of 2006, compared to adjusted net income
of $60.6 million or adjusted earnings per diluted share of $0.17 in the
comparable 2005 period. During the nine-month period on a reported basis
of 2006, Celgene announced GAAP net income of $46.1 million or earnings
per diluted share of $0.12, compared to GAAP net income of $59.7 million
or earnings of $0.16 per diluted share in the first nine-months of last
year, which did not include charges for stock option expense.
Adjusted
net income and adjusted per share amounts for the three and nine- month
periods ended September 30, 2006, eliminate the effects of charges for
share-based employee compensation expense associated with the application
of the Statement of Financial Accounting Standards (SFAS) No. 123 (revised
2004), "Share-Based Payment", (SFAS 123(R)). The after tax net impact of
share-based employee compensation expense reduced GAAP net income by $15.4
million, or $0.04 per diluted share for the three-month period ended September
30, 2006 and by $40.6 million, or $0.10 per diluted share for the nine-month
period ended September 30, 2006. Adjusted net income and per share amounts,
for the three-month and nine-month periods ended September 30, 2006 and
2005, excludes amortization of acquisition intangibles resulting from the
acquisition of Penn T Limited and charges to record our share of equity
losses in EntreMed, Inc. Also, adjusted net income and per share amounts,
for the three-month period ended September 30, 2006 and nine-month periods
ended September 30, 2006 and 2005 excludes gains (losses) recorded for
changes in the estimated value of our investment in EntreMed, Inc. warrants.
The nine-month periods ended September 30, 2006 and 2005, and the three-month
period ended September 30, 2005, also excludes accelerated depreciation
expense related to the Company's corporate headquarters relocation. Adjusted
net income and per share amounts, for the nine-month period ended September
30, 2006 and 2005 includes adjustments to the income tax provision to reflect
a projected cash tax rate of 32.0% and 28.0%, respectively.
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