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Although Celgene's financial position isn't as impressive as Amgen's, the company is definitely in great shape. Celgene generated operating cash flow of more than $2.6 billion in the first three quarters of 2016. The biotech reported cash, cash equivalents, and marketable securities totaling nearly $6.9 billion at the end of September. Celgene bought back a little over $2 billion of its stock in the first nine months of last year, slightly above Amgen's buyback amount during the period. Unlike Amgen, though, Celgene doesn't currently pay a dividend. What about the future prospects for Celgene? The company expects to grow revenue by an average annual rate of 17% through 2020. Celgene projects average annual earnings growth of 22% over the next four years. Celgene plans to achieve this outstanding growth through its current products plus getting wins from its loaded pipeline. The biotech expects 18 late-stage data readouts and nine products advancing to pivotal clinical trials by the end of 2018. Better buy The choice between Amgen and Celgene is an easy one, in my view. I think that Celgene is the clear winner.
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