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Celgene Corp. (CELG) Message Board

  • rob_cos rob_cos Feb 7, 2013 3:14 PM Flag

    Pom will be approved by tomorrow & sales will start next week & eclipse ests

    Disappointing that FDA took its time - as in early November the FDA cancelled the Pom panel review as all questions have been answered, the company has discussed the data for a very very long time and the Ph 3 EU trial with stunning OS and PFS benefit seals the deal (although a trial with a high dose dex comparator arm would never be run in US). Still you have to believe that the FDA is taking their time as this is a Ph 2 trial - perhaps to say they really reviewed it since its such an accelerated review. In their mind, they are approving yrs early, not slowly. The REALLY exciting news is this drug is going to be approved 2 yrs earlier than originally expected in Europe. This is bigger than people think.

    To me Pom is being underestimated. The company is CLEARLY ready to launch - I suspect they will have this drug on pharmacy shelves within days of approval and we will get 1 1/2 full months of Pom sales to help normally tough Q1 - and my gut says analysts have nothing in Q1 for Pom. Launches sometimes take time - but Pomalyst has about as much awareness as I have ever seen in MM KOLs - with them really hoping for approval in 2012 and ready to use per Richardson, Anderson, NCCN discussions etc. It a VERY VERY powerful MM drug. And it works in Revlimid and Velcade failures. IMO Pom is not fully priced in CELG stock even at $97-$100

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