[CELGENE LOGO]


                                                                    Exhibit 99.1

Contact:    Robert J. Hugin                                Brian P. Gill
            President and COO                              Senior Director PR/IR
            Celgene Corporation                            Celgene Corporation
            (908) 673-9102                                 (908) 673-9530


                    THALOMID(R) sNDA GRANTED FDA APPROVAL FOR
                          TREATMENT OF NEWLY DIAGNOSED
                                MULTIPLE MYELOMA

SUMMIT, NJ - (MAY 25, 2006) - Celgene Corporation (NASDAQ:  CELG) announced that
the U.S. Food and Drug Administration  (FDA) has granted accelerated approval to
its  Supplemental  New Drug  Application  (sNDA) for THALOMID  (thalidomide)  in
combination  with  dexamethasone  for the treatment of newly diagnosed  multiple
myeloma.  The effectiveness of THALOMID is based upon response rates.  There are
no controlled trials demonstrating a clinical benefit, such as an improvement in
survival.  Multiple myeloma is the second most common blood cancer in the United
States affecting approximately 50,000 people. About 14,600 new cases of multiple
myeloma are diagnosed  each year and about 12,000  Americans are expected to die
of multiple myeloma in 2006.

THALOMID  is  available  through a THALOMID  Education  and  Prescribing  Safety
Program, called S.T.E.P.S.(R).  Through the use of our S.T.E.P.S.  PROGRAM, more
than 130,000  U.S.  patients  have had safe access to THALOMID  since its market
introduction  in July 1998.  This FDA approval for the indication of THALOMID in
the treatment of newly diagnosed  multiple  myeloma allows  physicians and their
patients to be treated  with another  therapy  option for this  incurable  blood
cancer.

The safety  profile for  THALOMID  in multiple  myeloma has shown an increase in
side effects with THALOMID and dexamethasone as compared to dexamethasone alone.
The most common adverse events were constipation, sensory neuropathy, confusion,
hypocalcemia,  edema,  dyspnea,   thrombosis/embolism,   and  rash/desquamation,
occurring  in 20% of  patients  with a  frequency  less  than or equal to 10% in
patients treated with THALOMID/dexamethasone compared with dexamethasone alone.

"The approval of our sNDA represents a significant  milestone for Celgene and an
important  step toward  fulfilling  our mission of making  innovative  treatment
options  available to patients with  significant  unmet medical needs," said Sol
Barer,  Ph.D.,  Chief  Executive  Officer at Celgene.  "We are  committed to the
ongoing clinical  development of our investigational  therapies being studied in
blood and solid tumor cancers, and we are



proud that our efforts  have  resulted in this  approval of THALOMID  for use in
combination with dexamethasone in newly diagnosed multiple myeloma patients."

SAFETY NOTICE
THALOMID(R) (THALIDOMIDE) CAPSULES 50 MG, 100 MG, & 200 MG

WARNING:  IF  THALIDOMIDE IS TAKEN DURING  PREGNANCY,  IT CAN CAUSE SEVERE BIRTH
DEFECTS OR DEATH TO AN UNBORN  BABY.  THALIDOMIDE  SHOULD NEVER BE USED BY WOMEN
WHO ARE PREGNANT OR WHO COULD  BECOME  PREGNANT  WHILE  TAKING THE DRUG.  EVEN A
SINGLE DOSE,  ONE CAPSULE (50 MG, 100 MG AND 200 MG),  TAKEN BY A PREGNANT WOMAN
CAN CAUSE SEVERE BIRTH DEFECTS.  BECAUSE  THALIDOMIDE IS PRESENT IN THE SEMEN OF
MALE PATIENTS, MALES RECEIVING THALIDOMIDE MUST ALWAYS USE A LATEX CONDOM DURING
SEXUAL CONTACT WITH WOMEN OF  CHILDBEARING  POTENTIAL EVEN IF HE HAS UNDERGONE A
SUCCESSFUL  VASECTOMY.   THALIDOMIDE  CAN  ONLY  BE  MARKETED  UNDER  A  SPECIAL
RESTRICTED  DISTRIBUTION  PROGRAM.  THIS  PROGRAM  IS  CALLED  THE  "SYSTEM  FOR
THALIDOMIDE  EDUCATION  AND  PRESCRIBING  SAFETY  (S.T.E.P.S.(R)).   UNDER  THIS
PROGRAM,  ONLY REGISTERED  PRESCRIBERS AND PHARMACISTS MAY DISPENSE THE DRUG. IN
ADDITION, PATIENTS MUST BE ADVISED OF, AGREE TO AND COMPLY WITH THE REQUIREMENTS
OF S.T.E.P.S.

THE USE OF THALOMID(R) (THALIDOMIDE) IN MULTIPLE MYELOMA RESULTS IN AN INCREASED
RISK  OF  VENOUS  THROMBOEMBOLIC  EVENTS,  SUCH AS DEEP  VENOUS  THROMBOSIS  AND
PULMONARY EMBOLUS. THIS RISK INCREASES SIGNIFICANTLY WHEN THALIDOMIDE IS USED IN
COMBINATION WITH STANDARD  CHEMOTHERAPEUTIC AGENTS INCLUDING  DEXAMETHASONE.  IN
ONE  CONTROLLED  TRIAL,  THE RATE OF VENOUS  THROMBOEMBOLIC  EVENTS WAS 22.5% IN
PATIENTS  RECEIVING  THALIDOMIDE IN COMBINATION WITH  DEXAMETHASONE  COMPARED TO
4.9% IN  PATIENTS  RECEIVING  DEXAMETHASONE  ALONE  (p =  0.002).  PATIENTS  AND
PHYSICIANS   ARE  ADVISED  TO  BE  OBSERVANT  FOR  THE  SIGNS  AND  SYMPTOMS  OF
THROMBOEMBOLISM.  PATIENTS  SHOULD BE  INSTRUCTED  TO SEEK  MEDICAL CARE IF THEY
DEVELOP  SYMPTOMS  SUCH  AS  SHORTNESS  OF  BREATH,  CHEST  PAIN,  OR ARM OR LEG
SWELLING. PRELIMINARY DATA SUGGESTS THAT PATIENTS WHO ARE APPROPRIATE CANDIDATES
MAY BENEFIT FROM CONCURRENT PROPHYLACTIC ANTICOAGULATION OR ASPIRIN TREATMENT.

THALIDOMIDE   IS    CONTRAINDICATED    IN   PATIENTS   WHO   HAVE   DEMONSTRATED
HYPERSENSITIVITY  TO THE  DRUG  AND  ITS  COMPONENTS.  IT IS NOT  KNOWN  WHETHER
THALOMID  IS  EXCRETED  IN HUMAN  MILK.  BECAUSE OF THE  POTENTIAL  FOR  ADVERSE
REACTIONS IN NURSING  INFANTS,  A DECISION SHOULD BE MADE WHETHER TO DISCONTINUE
NURSING OR THE DRUG,  TAKING  INTO  ACCOUNT  THE  IMPORTANCE  OF THE DRUG TO THE
MOTHER.  THALIDOMIDE  IS KNOWN  TO CAUSE  NERVE  DAMAGE  THAT MAY BE  PERMANENT.
PERIPHERAL NEUROPATHY IS A COMMON,  POTENTIALLY SEVERE, SIDE EFFECT OF TREATMENT
WITH THALIDOMIDE  THAT MAY BE  IRREVERSIBLE.  DECREASED WHITE BLOOD CELL COUNTS,
INCLUDING NEUTROPENIA, HAVE BEEN REPORTED IN THE CLINICAL USE OF THALIDOMIDE. IN
PLACEBO  CONTROLLED  CLINICAL TRIALS OF  HIV-SEROPOSITIVE  PATIENT  POPULATIONS,
THERE HAVE BEEN  REPORTS OF  INCREASED  PLASMA  HIV RNA LEVELS  ASSOCIATED  WITH
THALIDOMIDE   THERAPY.   THE  MOST  FREQUENTLY   REPORTED  ADVERSE  EVENTS  WERE
CONSTIPATION  (55%),  SENSORY  NEUROPATHY (54%),  CONFUSION (28%),  HYPOCALCEMIA
(72%), EDEMA (57%), DYSPNEA (42%), THROMBOSIS/EMBOLISM



(23%), AND  RASH/DESQUAMATION  (30%) (OCCURRING IN (is greater than or equal to)
20% OF  PATIENTS  AND WITH A  FREQUENCY  (is  greater  than or equal  to) 10% IN
PATIENTS TREATED WITH THALOMID/DEXAMETHASONE COMPARED WITH DEXAMETHASONE ALONE).
PATIENTS SHOULD BE ADVISED ABOUT THESE  ASSOCIATED  ADVERSE EVENTS AND ROUTINELY
MONITORED BY A PHYSICIAN DURING TREATMENT WITH  THALIDOMIDE.  PATIENTS SHOULD BE
INSTRUCTED  TO NOT  EXTENSIVELY  HANDLE  OR  OPEN  THALIDOMIDE  CAPSULES  AND TO
MAINTAIN STORAGE OF CAPSULES IN BLISTER PACKS UNTIL INGESTION.

ABOUT THALOMID(R)

THALOMID (thalidomide),  manufactured by Celgene Corporation, received U.S. Food
and Drug Administration (FDA) clearance on July 16, 1998 for the acute treatment
of cutaneous  manifestations  of moderate to severe  erythema  nodosum  leprosum
(ENL) and as maintenance therapy for prevention and suppression of the cutaneous
manifestations  of ENL  recurrence.  Thalidomide is not indicated as monotherapy
for ENL treatment in the presence of moderate to severe neuritis. Thalidomide is
indicated for use as a treatment in  combination  with  dexamethasone  for newly
diagnosed multiple myeloma.

ABOUT MULTIPLE MYELOMA

Multiple  myeloma  (also known as myeloma or plasma cell myeloma) is a cancer of
the blood in which malignant  plasma cells are  overproduced in the bone marrow.
Plasma  cells  are  white  blood  cells  that  help  produce  antibodies  called
immunoglobulins  that fight infection and disease.  However,  most patients with
multiple  myeloma  have  cells  that  produce  a form of  immunoglobulin  called
paraprotein  (or M protein)  that does not benefit the body.  In  addition,  the
malignant  plasma cells replace  normal plasma cells and other white blood cells
important to the immune system.  Multiple myeloma cells can also attach to other
tissues of the body, such as bone, and produce tumors.  The cause of the disease
remains unknown.

ABOUT CELGENE

Celgene  Corporation,  headquartered  in Summit,  New Jersey,  is an  integrated
global  pharmaceutical  company engaged primarily in the discovery,  development
and  commercialization  of innovative  therapies for the treatment of cancer and
inflammatory diseases through gene and protein regulation. For more information,
please visit the Company's website at www.celgene.com.

THIS RELEASE CONTAINS FORWARD-LOOKING  STATEMENTS WHICH ARE SUBJECT TO KNOWN AND
UNKNOWN RISKS,  DELAYS,  UNCERTAINTIES AND OTHER FACTORS NOT UNDER THE COMPANY'S
CONTROL,  WHICH MAY CAUSE ACTUAL  RESULTS,  PERFORMANCE OR  ACHIEVEMENTS  OF THE
COMPANY  TO BE  MATERIALLY  DIFFERENT  FROM THE  RESULTS,  PERFORMANCE  OR OTHER
EXPECTATIONS  EXPRESSED OR IMPLIED BY THESE  FORWARD-LOOKING  STATEMENTS.  THESE
FACTORS  INCLUDE  RESULTS  OF  CURRENT  OR  PENDING   RESEARCH  AND  DEVELOPMENT
ACTIVITIES,  ACTIONS  BY THE FDA AND  OTHER  REGULATORY  AUTHORITIES,  AND OTHER
FACTORS  DESCRIBED IN THE  COMPANY'S  FILINGS WITH THE  SECURITIES  AND EXCHANGE
COMMISSION SUCH AS OUR 10K, 10Q AND 8K REPORTS.

                                      # # #