A Banker Turned CFO Believes in Service

Santini, Laura
March 2004
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p28
Trade Publication
This article interviews Robert Hugin, chief financial officer of biotechnology company Celegene Corp. Regarding interests in financing for the company, Hugin informs that the company has a very high cash position, and turned profitable for the first time last year. But overall, biotechnology industry is much less volatile in terms of the opening and closing of markets. The company did a large equity offering in February of 2000. It raised almost $350 million. The company's R&D spending has increased by almost 40 percent a year over the last five years.


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