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Shares of Celgene (CELG Quote) were higher Thursday after the drugmaker reported that third-quarter profit rose 251% on gains made through an acquisition and higher sales of its cancer drugs.
The Summit, N.J.-based drugmaker on Thursday reported profits of $136.8 million, or 29 cents a share in the third quarter, compared with net income of $38.8 million, or 9 cents a share, in the year-ago period.
Third-quarter revenue rose 69% to $592 million from $350 million one year ago. ...
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