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Article: Celgene Corporation Announces Fourth Quarter Results and Growing Sales of Thalomid(TM).
- Article from:
- PR Newswire
- Article date:
- February 11, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WARREN, N.J., Feb. 11 /PRNewswire/ -- Celgene Corporation (Nasdaq: CELG) today announced results for the fourth quarter and full year 1998. Net revenue from continuing operations for the quarter was $2,665,000 compared to $315,000 for the fourth quarter 1997. Fourth quarter 1998 revenue consisted of research contract income of $430,000 and gross product sales of THALOMID(TM) (thalidomide) of $2,441,000 ($2,235,000 after deductions). THALOMID is Celgene's first pharmaceutical product and was introduced to the market in late September 1998. The net loss from continuing operations for the fourth quarter 1998 was $8,375,000, or $0.51 per share, and in the comparable 1997 ...