Celgene to acquire Quanticel Pharmaceuticals
In a busy deal-making month for the US biotech firm, Celgene Corp (Nasdaq: CELG) has entered into a definitive agreement to acquire San Francisco-based Quanticel Pharmaceuticals, a privately held biotechnology company focused on cancer drug discovery.
Through the agreement, Celgene will have full access to Quanticel’s proprietary platform for the single-cell genomic analysis of human cancer, as well as Quanticel’s lead programs that target specific epigenetic modifiers to advance Celgene’s pipeline of innovative cancer therapies.
Deal worth a potential $485 million
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