annual report 07

over 20 years of remarkable growth and achievement

ready to deliver more

After 20 years of extraordinary growth, this is a great time to celebrate our many accomplishments. It also is a time to reflect on what Cephalon represents. We are entrepreneurial, agile, opportunistic and committed to moving our business forward with integrity.

Our greatest success is that there are millions of people throughout the world who benefit from our medications. They are our living legacy and the reason that we exist. We will never lose sight of the patients whose lives we positively impact every day. Our greatest success is that there are millions of people throughout the world who benefit from our medications. They are our living legacy and the reason that we exist.

We have created a sustainable and diversified business with a growing international presence and a robust R&D pipeline. Today we have both the opportunity and commitment to continue to deliver strong growth and leadership in the next 20 years and beyond.


Frank Baldino, Jr., Ph.D.
Chairman and Chief Executive Officer

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