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Expert bats for using solar power in cooking - Times of India
The biotech's product lineup is filled with success stories. Blood cancer drug Revlimid continues its impressive momentum, notching year-over-year sales growth of over 30% in the third quarter of 2016. Multiple myeloma drug Pomalyst achieved even higher growth of 33% during the same period. Celgene's autoimmune disease drug Otezla is one of the thorns in the side of Amgen's Enbrel. Sales for Otezla in the third quarter of 2016 nearly doubled compared with the prior-year period. Although Celgene's financial position isn't as impressive as Amgen's, the company is definitely in great shape. Celgene generated operating cash flow of more than $2.6 billion in the first three quarters of 2016. The biotech reported cash, cash equivalents, and marketable securities totaling nearly $6.9 billion at the end of September. Celgene bought back a little over $2 billion of its stock in the first nine months of last year, slightly above Amgen's buyback amount during the period. Unlike Amgen, though, Celgene doesn't currently pay a dividend.
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