Celgene first to go big in 2018 with Impact acquisition

8 January 2018

US biotech Celgene (Nasdaq: CELG) became the first drugmaker of 2018 to announce an acquisition worth more than $1 billion on Sunday with news that it is to buy Impact Biomedicines.

Celgene will pay approximately $1.1 billion upfront to acquire the San Diego-based start-up, which is developing fedratinib for myelofibrosis and polycythemia vera.

"We believe fedratinib is uniquely positioned as a potential treatment for myelofibrosis and it provides strategic options for us to build leadership in this disease with luspatercept and other pipeline assets"

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