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More on Celgene Q1 results

  • Net product sales increased 19% yoy to $1.71B. Net income was $280M (-27.3%) or $0.66/share (-25.8%).
  • Revlimid sales increased 14% to $1.14B. U.S. revenue was $642M (+13%) and International was $502M (+16%).
  • Abraxane sales were $185M (+51%).
  • Vidaza sales were $148M (-27%).
  • Pomalyst/Imnovid sales were $136M.
  • 10.7M shares were repurchased for a total cost of ~$1.7B. As of March 31 there was $407M remaining to be repurchased under the program. On April 17, the BOD authorized an additional $4B.
  • CF Ops was $557M (+51.6%).
  • Updated 2014 guidance includes total revenues of $7.5B, Revlimid sales of $4.9B - $5B, Abraxane sales of $850M - $900M and EPS of $4.94 - $5.18.
  • (CELG)
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