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Drug Firm Aims High, Hits Mark; Celgene Corp. Summit, N.J. celgene.com.(HEALTH & MEDICINE)(UNDER THE MICROSCOPE)
Publication: Investor's Business Daily Publication Date: 31-OCT-05 |
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COPYRIGHT 2005 Investor's Business Daily, Inc.
Byline: Peter Benesh
Sometimes it takes a small company to turn adversity into opportunity. So says Robert Hugin, chief financial officer of Celgene.
When Celgene saw there might be new uses for a drug that once caused birth defects, it had 30 employees. Now it has more than 900. The drug is Thalidomide, used in the 1950s as a sleeping aid and for morning sickness. The consequences were horrific for parents and their cruelly deformed children.
Today,...
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