Pomalyst Takes the Stage: Celgene Corporation (CELG), Johnson & Johnson (JNJ), Onyx Pharmaceuticals, Inc. (ONXX)

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Results from phase 3 studies of Pomalyst in treating myelofibrosis are anticipated within the next few months. If those findings are positive, Celgene will move forward quickly with regulatory filings in the U.S. and Europe for this second indication for the drug.

Pomalyst appears to be on track to eventually hit annual sales between $1 billion and $2 billion. If that happens, the drug would by far eclipse the success of Thalomid. While it would still trail well behind the $3.8 billion annual sales achieved by Revlimid, that’s still an excellent opportunity for Celgene. And not a bad family tradition.

The article Pomalyst Takes the Stage originally appeared on Fool.com and is written by Keith Speights.

Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson.

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