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Celgene

Biopharmaceutical company.

Headquarters:
86 Morris Ave.
Summit, NJ 07901
Employees: 4,000
CEO: Bob Hugin
Stock Symbol: CELG

Website: http://www.celgene.com

Career Site

Celgene is now an integrated biopharmaceutical company focused on discovering, developing and commercializing innovative therapies to treat cancer and inflammation through gene and protein regulation.

The company's main products are REVLAMID and THALAMID for the treatment of myeloma and anemia. VIDAZA is used in treatment of MDS.

ISTODAX, which is used to treat T-cell lymphoma, was obtained in the January 2010 acquisition of Gloucester Pharmaceuticals, Inc.

There are more than 300 clinical trials at major medical centers using compounds from Celgene. Investigational compounds are being studied for patients with incurable hematological and solid tumor cancers, including multiple myeloma, myelodysplastic syndromes, chronic lymphocyte leukemia (CLL), non-Hodgkin's lymphoma (NHL), myelofibrosis, small cell lung cancer and prostate cancer.

In 2010, the company reported revenues of $3.62 billion and net income of $776.7 million.

History

Celgene was initially founded as a unit of the Celanese Corporation in 1980. However, following the 1986 merger of Celanese Corporation with American Hoechst Corporation, Celgene was spun off as an independent biopharmaceutical company.

In July 1998, the company received approval from the FDA to market THALOMID (thalidomide) for the acute treatment of the cutaneous manifestations of moderate to severe erythema nodosum leprosum (ENL). In May 2006, Celgene received approval for THALOMID in combination with dexamethasone for the treatment of patients with newly diagnosed multiple myeloma.

In April 2000, an agreement was reached with Novartis Pharma AG to license d-MPH our chirally pure version of RITALIN CII. The FDA subsequently granted approval to market d-MPH or FOCALIN XR CII in November 2001.

On August 31, 2000, with products on the market, Celgene completed a merger with Signal Pharmaceuticals, Inc., a privately held biopharmaceutical company focusing on the discovery and development of drugs that regulate genes associated with disease.

On December 31, 2002, Celgene acquired Anthrogenesis Corporation, a privately held New Jersey based biotherapeutics company and cord blood banking business, which has also pioneered the recovery of stem cells from human placental tissue following the completion of a full-term, successful pregnancy. Anthrogenesis now operates as Celgene Cellular Therapeutics, a wholly owned subsidiary.

In December 2005, Celgene received approval from the FDA to market REVLIMID (lenalidomide) for the treatment of patients with transfusion-dependent anemia due to Low- or Intermediate-1-risk MDS associated with a deletion 5q cytogenetic abnormality with or without additional cytogenetic abnormalities. In June 2006, the FDA approved REVLIMID in combination with dexamethasone for the treatment of multiple myeloma patients who have received at least one prior therapy. EMEA approval for the REVLIMID multiple myeloma indication (in combination with dexamethasone) was received in June, 2007.

Benefits

Here's a brief overview of the benefits available to regular, full-time employees and part-time employees who work more than 30 hours per week.

Medical Plans - Depending upon where you live, we offer preferred or exclusive provider networks, as well as consumer-driven health plan options, that help protect employees and their families, as well as domestic partners, against major medical expenses. All medical plan options include prescription benefits, including a mail-order drug program.

Dental Plan - Celgene offers two dental plan options to choose from. Both include coverage for routine care, major restorative care, and orthodontia.

Vision Plan - Celgene offers vision care coverage with comprehensive services available through its extensive member network.

Health Care Flexible Spending Account (FSA) - Celgene offers a Health Care FSA for payment of eligible health care expenses with tax-deferred dollars. An employee can contribute up to $5,000 a year.

Life and AD&D Insurance - We provide competitive life insurance and accidental death and dismemberment insurance at no cost to employees. In addition, supplemental life, dependent and spouse life insurance is available.

Business Travel Accident Insurance - All employees are provided with business travel accident insurance at no cost.

Travel Assistance - Additional services are provided that offer assistance to employees when traveling greater than 100 miles from home.

Disability Plans - Celgene offers both short- and long-term disability plans to provide income protection to employees in the event of illnesses or injuries. Employees have the option to buy-up additional insurance.

Long-Term Care Insurance - Celgene offers employees the option to purchase insurance to cover the costs of custodial care for employees and their eligible spouses or their parents and parents-in-law.

Retirement Plan - Celgene offers a 401(k) savings plan to which employees may elect to contribute pre-tax or after tax to the Roth (k). Celgene offers a generous discretionary company match.

Dependent Care Flexible Spending Account (FSA) - Celgene offers a Dependent Care FSA for payment of eligible dependent care expenses, such as child care and care for an incapacitated adult dependent. Employees can contribute up to $5,000 a year.

Employee Assistance Program - This program provides confidential professional assistance to employees and their eligible dependents in dealing with personal problems that may influence health, well-being or work effectiveness.

Vacations & Holidays - Celgene offers competitive vacation and holiday schedules. Specific schedules vary, depending on the local practices at each of our locations.

Educational Assistance - Celgene offers assistance to employees in completing approved educational degree programs at accredited colleges and universities under the program's eligibility guidelines.

Credit Union and Banking - Depending on location, Celgene offers access to either a credit union or bank. An ATM is located at our corporate headquarters.

Health Services - At corporate headquarters, an onsite nurse provides flu shots, hosts blood drives and supports the occupational health of all Celgene employees.

Mother's Room / Lactation Rooms - Lactation rooms are available for mothers who are nursing.

Fitness Benefits - A full fitness center, including basketball and tennis courts, is available to all employees located at corporate headquarters.

Discounts - A variety of discount programs on goods and services are available to Celgene employees through our preferred relationships with vendors.

Updated June 28, 2011