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Celgene's (CELG) future seems to be a big question mark

NorFoster

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Celgene earnings details. A cut in the outlook, especially it's long-term targets, is not an encouraging one. Also, a decrease in pharma company's R&D expenses is not a good sign.
 

Fenton Lum

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Celgene earnings details. A cut in the outlook, especially it's long-term targets, is not an encouraging one. Also, a decrease in pharma company's R&D expenses is not a good sign.
The pharma industry is in the business of societal wealth extraction, you don't need to invest in R&D for that.
 

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