CELG

Pharma

Celgene in strategic discovery deal with therapeutic antibody firm

Celgene (NASDAQ:CELG) has agreed to a strategic discovery deal with a company that is developing antibodies to combat multiple diseases in Celgene’s latest move to diversify its portfolio. AnaptysBio uses a proprietary platform that replicates key features of the human immune system and overcomes limitations of prior antibody technologies. The San Diego, California-based company’s product […]

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Celgene cancer drug acquisition may bode well for life science M&A

Celgene (NYSE:CELG) has acquired cancer drug developer Avila Therapeutics in a deal valued up to $925 million if milestones are reached. Avila’s therapeutic platform involves the development of covalent drugs, which  latch onto or bond with target cells and effectively neutralize those cells. Avila’s lead therapeutic, AVL-292, is a lymphoma and autoimmune drug in phase […]

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Penn cancer research institute sues former director over IP breach

The CEO of Memorial Sloane-Kettering Cancer Research Center is the focus of a $1 billion lawsuit filed by a cancer research institute at the University of Pennsylvania for allegedly stealing the innovative cancer treatment he developed while serving as a director there. Dr. Craig Thompson was the scientific director of the Leonard and Madlyn Abramson […]

Pharma

N.J. governor’s chief of staff will return to pharmaceutical industry

New Jersey Gov. Chris Christie’s chief of staff  is returning to the pharmaceutical industry in a newly created position with Celgene (NASDAQ: CELG) next month. Richard Bagger will serve as senior vice president, corporate affairs and strategic market access, with responsibility for all government and public affairs, strategic market access, communications and patient advocacy initiatives, […]