Robert Hugin, Celgene

Chairman and CEO, Celgene
Total 2014 Compensation: $24.24 million

Celgene's Bob Hugin might have been beat out by the CEOs of fellow biologic drugmakers Regeneron ($REGN) and Vertex ($VRTX) on this list, but he's still the highest-paid executive in Big Biotech--and he beats out quite a few in Big Pharma as well.

That's partly because Celgene ($CELG) is one of the fastest-growing drugmakers on the scene. Of the pharma companies in the Fortune 500, Celgene came in second for sales growth over the past 5 years, partly because its blood cancer treatment Revlimid just can't be stopped (at least not till biosimilars appear on the scene in the coming years).

With a 5-year annual growth rate of 23.3% and $7.7 billion in 2014 revenue, the company is on its way to Hugin's ambitious goal of $12 billion in sales by 2017. Revlimid accounted for almost $5 billion of that 2014 revenue, and it has since won a new indication in newly diagnosed multiple myeloma patients. Even with the spectre of biosimilars, EvaluatePharma predicts $8 billion-plus in Revlimid sales by 2020.

Plus, Celgene can boast some industry-leading margins. According to Investor's Business Daily, Celgene delivered a 47% margin last year, again thanks to Revlimid.

But the company won't be relying on Revlimid forever. It has a follow-up multiple myeloma drug, Pomalyst, that it's currently selling as a third-line treatment, but hoping to move to the first-line setting down the road. And it's working to move into anti-inflammatories with Otezla, which has new indications in psoriasis and psoriatic arthritis--and it's a pill, not an injection like its big-time rivals, such as AbbVie's ($ABBV) Humira and Amgen's ($AMGN) Enbrel.

Hugin collected on those accomplishments in his 2014 pay package, with more than $9 million in cash incentive pay and options awards alike. His stock awards amounted to $3.9 million. And all that came on top of a base salary of $1.38 million. Other compensation of $231,000 completed the package.

For more:
Special Reports: 15 Highest-Paid Biopharma CEOs of 2013 - Robert Hugin - Celgene | The top 10 most expensive drugs of 2013 - Pomalyst - Revlimid
Which Big Biotechs join Gilead in Fortune's fastest-growing pharma ranks?
Celgene's R&D speed dating is starting to pay off, CEO says

Move over, Big Pharma: Smaller biopharma's execs are bringing home more bacon
Who's king of the orphan drug hill? BMS, Merck, Celgene and Roche, to name a few
Celgene's Otezla nabs psoriasis approval, launching next-gen showdown

Robert Hugin, Celgene