Three Things You Need to Know From Celgene Corporation (CELG)’s Q2 Earnings

The growth prospects for the biotech are still quite strong. It can still count on solid revenue from still-growing Revlimid. Abraxane and Pomalyst have plenty of room to run. Apremilast appears likely to receive regulatory approval and be yet another feather in Celgene’s cap.

With a cash stockpile (including cash equivalents) of over $4 billion, Celgene could also be on the lookout for smaller biotechs and/or drugs to acquire. I wouldn’t be surprised to see the company make a few smart purchases in the coming year.

There could be a few blips along the way, but Celgene seems likely to continue performing well over the next few years. I maintain my bullish outlook on this big biotech.

The article 3 Things You Need to Know From Celgene’s Q2 Earnings originally appeared on Fool.com and is written by Keith Speights.

Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool recommends Celgene.

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