To Evaluate the Preliminary Safety, Tolerability, Pharmacokinetics, Pharmacodynamics and Efficacy of CC-11050 in Subjects With Discoid Lupus Erythematosus and Subacute Cutaneous Lupus Erythematosus

Key Inclusion Criteria: * Subjects with a clinical diagnosis of discoid lupus erythematosus or sub acute lupus erythematosus for \> 16 weeks prior to screening and consistent histological findings on skin biopsy based on Gilliam classification who are candidates for systemic therapies (as determined by the Investigator) * Must, in the opinion of the Investigator, have active skin lesions of sufficient severity at Screening and Baseline (a Cutaneous Lupus Area and Severity Index Activity Score of ≥ 10) * All subjects taking hydroxychloroquine, chloroquine or quinacrine during the study must have documentation of an ophthalmologic exam performed within 24 weeks of the Baseline Visit. * Must meet the following laboratory criteria: * White blood cell count ≥3000/mm3 (≥ 3.0 x 109/L) and \< 14,000/mm3 (\< 14 x 109/L) * Absolute neutrophil count (ANC) \> 1500 cells/μL (1.5 x 109/L) * Platelet count ≥ 100,000/μL (≥ 100 x 109/L) * Serum creatinine ≤ 1.5 mg/dL (≤ 132.6 μmol/L) * Aspartate aminotransferase (AST/SGOT) and alanine aminotransferase (ALT/SGPT) * ≤ 1.5 X upper limit of normal (ULN) * Total bilirubin \< 2mg/dL * Hemoglobin \> 11 g/dL Key Exclusion Criteria * Participation in multiple CC-11050 cohorts or previous exposure to CC-11050 * Presence or history of SLE based on investigators' clinical evaluation where subject exhibits medically significant (as determined by the Investigator) LE-related pleuritis, pericarditis, neurologic, renal and/or other major SL…