Celgene News

Celgene says it will sell the newly-approved Revlimid for $6,195 a month to patients with multiple myeloma. Analysts note that each new cancer drug that is approved is coming out with a price higher than competing drugs currently on the market. That's a trend that can be sustained for now, analysts note, but won't be sustainable indefinitely. Morgan Stanley concludes that the drug will garner a 97 percent gross profit, which doesn't include the cost of marketing or administrative …