Value

At Celgene, we assess the value of our innovative medicines over the long term, with a clearly defined, holistic approach. The goal of our approach to value is the creation of a virtuous cycle in which access to therapies today drives future innovation.

We believe that the value of innovation extends beyond just the patients who are the direct beneficiaries of our medicines. We therefore define value across the following four pillars:

  • Value to patients
  • Value to the health system
  • Value to the economy and society
  • Value to future innovation

No other sector of the economy touches people and society as broadly as healthcare, which is why any assessment of healthcare costs, and the associated value, must be holistic and multi-dimensional.  Value in healthcare lies at the intersection of costs and the related benefits to patients, the health system, society and economy, and the future of innovation; viewing one without considering the other elements risks potentially shortsighted decisions that undervalue innovative therapies that doctors and patients so badly need. Celgene continues to adhere to our Principles for the Pricing of Innovative Medicines and we are working collaboratively with governments, health systems, payors and other stakeholders to find constructive solutions to enhance patient health and access.

Throughout this page you will see Celgene’s perspective on value transparency, value assessments, as well as facts and data on drug pricing and patient access.  It also includes resources that highlight advancements being made in cancers such as multiple myeloma, lymphoma and breast cancer as well as immune and inflammatory diseases including multiple sclerosis and psoriasis.  At Celgene, we believe in the virtuous cycle of innovation: the idea that the success of today’s treatments allows us to invest in tomorrow’s breakthroughs.

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Value to the Patients

500,000+

patients around the world treated with Celgene medicines in 2018.

360,000+

patients have received support from Celgene, including disease education and health system navigation.

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Our Guiding Principles

Value to the Health System

400,000+

compounds in the Celgene library with potential applications for treating neglected Diseases of the Developing World (DDW)

~17,000

patients enrolled in Celgene-sponsored studies

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Facts & Data

Value to the Economy and Society

4.7 million

total jobs in the U.S. supported by the biopharmaceutical industry

2,500+

researchers added to the Celgene workforce over the last ten years

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Perspectives

Value to Future Innovation

$5.7 billion

invested in R&D in 2018

37.1%

of Celgene revenues reinvested in R&D in 2018

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Resources

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