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For Its Latest Epigenetics Deal, Celgene Takes Option To Buy Acetylon

This article was originally published in The Pink Sheet Daily

Executive Summary

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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