Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Baird Keeps Neutral on Celgene

Baird keeps neutral on cancer drug developer Celgene Corp. (CELG).

Analyst Christopher Raymond says Celgene provided an increasingly positive efficacy profile in both multiple myeloma and MDS for Revlimid at the American Society Clinical Oncology (ASCO) meeting.

The company notes in both trials, the primary endpoint of time-to-progression was reached. Also impressive, an updated complete response data improved with additional follow-up.

Raymond views the Celgene story as incrementally more positive and now applies a 50 times multiple to his 93 cents 2006 earnings per share estimate, discounted back 15% per year and yielding a new $42 price target. However, he still believes Revlimid is not without risk and keeps a neutral rating.

blog comments powered by Disqus