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NEW YORK ( TheStreet) -- Celgene Corporation (Nasdaq: CELG) hit a new 52-week high Monday as it is currently trading at $77.50, above its previous 52-week high of $77.43 with 764,809 shares traded as of 11:25 a.m. ET. Average volume has been 3.4 million shares over the past 30 days. Celgene has a market cap of $32.86 billion and is part of the health care sector and drugs industry. Shares are up 12.7% year to date as of the close of trading on Friday. Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases primarily in the United States and Europe. The company has a P/E ratio of 26.7, below the average drugs industry P/E ratio of 31.1 and above the S&P 500 P/E ratio of 17.7.