Celgene expands cancer offering with US$9bn acquisition of Juno
Celgene has been on an acquisition spree of late as it looks to fill a revenue hole that will likely come when its blockbuster multiple myeloma drug loses its patent protection in 2022
Company
NASDAQ:CELG
Celgene Corporation is an integrated biopharmaceutical company primarily engaged in the discovery, development and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.
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Celgene has been on an acquisition spree of late as it looks to fill a revenue hole that will likely come when its blockbuster multiple myeloma drug loses its patent protection in 2022
The sell-off of Bitcoin continued yesterday while on the equity markets Juno Therapeutics shot up on M&A developments
Celgene is paying US$1.1bn in cash upfront for the San Diego-based company, plus an additional US$1.4bn depending on the receipt of US Food and Drug Administration milestone approvals
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Bitcoin hit an all-time high on Sunday, rising above US$19,500; it is now trading at US$12,553
The New Jersey-headquartered group now expects diluted earnings per share to be between US$4.78 and US$5.19 in 2017
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Ahead of Friday’s open, Celgene shares were down 5.67% trading at US$128.25
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Celegene said the FDA's decision was due to risks seen in other trials for another checkpoint inhibitor, Merck & Co.'s anti-PD-1 antibody pembrolizumab, in combination with immunomodulatory agents
The Republicans are looking to repeal Obamacare as well as trying to ease regulatory pressures in the industry
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