Will Celgene Continue to Trade at All-Time Highs?
T = Trends for a Stock’s Movement
Celgene is a global biopharmaceutical company engaged in the discovery, development, and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases. Its primary commercial stage products include Revlimid, Vidaza, Thalomid, Abraxane, and Istodax. Celgene has made excellent advances and produces the products demanded by a large audience. These trends are poised to continue so look for Celgene to see profits rise into the future.
Celgene’s new arthritis drug has proven to be safe and highly effective during a trial of 527 patients who hadn’t been treated for arthritis before. The pill Apremilast, when taken twice a day, was found to notably reduce the signs and symptoms of psoriatic arthritis, and symptoms further improved after a year of taking the drug. Celegene’s drug is the first pill option for treating the disease, and will compete with injectable treatments currently available that have more serious side effects, according to Reuters. Celgene is expecting high sales from the treatment.