Celgene Pays $340 Million For Gloucester And Its New Drug
This article was originally published in The Pink Sheet Daily
Executive SummaryCelgene already sells several hematological cancer meds, so the deal shouldn't require new marketing infrastructure.
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A $100 million, non-dilutive investment will keep Acetylon off the market, giving Celgene the right to buy it for a minimum of $500 million up-front within a pre-determined time window. For now, Acetylon retains all rights to its pipeline, including Phase Ib multiple myeloma drug ACY-1215.
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