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Event Brief of Q2 2004 Celgene Corp. Earnings Conference Call - Final.

The America's Intelligence Wire

| July 22, 2004 | COPYRIGHT 2004 Financial Times Ltd. 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)Copyright

(From Fair Disclosure Wire)

CORPORATE PARTICIPANTS . Bob Hugin, Celgene Corp., CFO & SVP . John Jackson, Celgene Corp., Chairman & CEO . Sol Barer, Celgene Corp., President & COO OVERVIEW CELG reported 2Q04 total revenue of $87.8m, up over 30% YoverY. Thalomid sales increased 36% YoverY and almost 8% sequentially. Net income totaled $12.4m or $0.14 per diluted share; $0.03 above consensus. CELG is raising its full year EPS target to $0.50-0.60 per diluted share, with full year Thalomid targets raised to $295-305m. CELG is also raising its total FY04 revenue targets to $370-390m. Q&A Focus: Clinical trial data, FDA approvals, guidance. FINANCIAL DATA A. Key Data ...

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