Rochester,NY 8/15/2009 1:15:54 AM
News / Business

Celgene Corporation., CELG - Celgene slips as analyst doubts Revlimid sales

Shares of Celgene Corp. gave up some of their recent gains after an analyst downgraded the stock, saying the biotechnology company and its cancer drug Revlimid may not meet Wall Street's expectations.

 

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Its shares are up 19.8 percent since July 23, when Celgene reported its second-quarter results. Since reaching a 52-week low of $36.90 on April 1, the shares have advanced 53.1 percent.

 

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