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Initially, the collaboration will focus on one program, but has the potential to encompass multiple targets. As per the agreement, Concert will receive an upfront payment of more than $300m from Celgene for the development, regulatory and sales
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In the past decade, Celgene Corporation has become a major player in the biopharmaceutical sector. Aside from developing drugs that help people battle cancer and inflammatory disorders, Celgene is also recognized as a great place to work. In fact,
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Jorge is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited. All investors know that the greatest risk in biopharmaceutical stocks is the future need of funding of these
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As part of the agreement, Celgene will fund $35m as upfront payment towards research and development of VTX-2337 through pre-defined clinical endpoints. The agreement also provides Celgene with the option to acquire VentiRx whileVentiRx will be
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Add to Portfolio Mr. O'Donnell, a retired chief executive of the J. Walter Thompson Company, and a man who picks his own stocks , figured that if Twitter, Facebook and other social media could help oppressed citizens in Tunisia and Egypt rally for
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If Celgene exercises this option, Celgene would be responsible for additional development and commercialisation of this drug, and Array would be entitled to receive additional milestones, as well as royalties on sales of the drug. As per the terms of
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Celgene said it's going to buy Abraxis BioScience for $2.9 billion in cash and stock to boost its presence in cancer drugs. Terms call for Celgene to give each holder of Abraxis $58 a share in cash, 0.2617 Celgene shares as well as one tradeable
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Biotechnology company Celgene says it is expanding its array of cancer treatments by buying Abraxis BioScience for $2.9 billion in cash and stock. The maker of Revlimid and Vidaza says shareholders of Abraxis will receive $58 and
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