Celgene to be a frontrunner in the CAR-T space via Juno buy, says analyst
US biotech major Celgene’s (Nasdaq: CELG) recent announcement of the acquisition of Juno Therapeutics has put the company in a good position to be a frontrunner in the chimeric antigen receptor- T cell (CAR-T) space.
Celgene stands to benefit from Juno’s expertise and ongoing work into addressing concerns surrounding CAR-T, according to data and analytics company GlobalData.
In January 2018, Celgene announced a $9 billion cash buyout of the remaining 90% stake in Juno Therapeutics that it does not already own. This news signals a significant, albeit risky, push for Celgene in the cellular immunotherapies space, where the company sees Juno’s lead CAR-T candidate, JCAR017, bringing in $3 billion in sales, with a potential US Food and Drug Administration approval next year.
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