Celgene diversifies with $7.2bn Receptos buy
This article was originally published in Scrip
Executive Summary
Celgene believes that its all cash $7.2bn acquisition of Receptos will add at least $4bn to $6bn in peak annual sales to the company's future revenue and help the biotechnology giant exceed a previous goal of $20bn in annual revenue.
You may also be interested in...
Gossamer Hopes To Stand Out In Crowded Spaces
The company plans to release topline results this year in ulcerative colitis and pulmonary arterial hypertension. In UC, especially, Gossamer is aiming for an opportunity that remains untapped.
Finance Watch: Gossamer Works Around The Shutdown To Price Its $230m IPO
Gossamer took an infrequently used path to go public during a US government shutdown that's kept the SEC from processing new offerings. Also, IPO filings (and withdrawals) and follow-on offerings continued during the shutdown, while VC deals keep up a brisk pace.
Bristol Values Celgene's Hematology, Immunology Portfolio At $74bn, But Does It Price In Risk?
Bristol's surprising purchase diversifies its portfolio beyond Opdivo, while stopping Celgene's ongoing stock price declines after several setbacks. While Bristol execs downplayed the mid-term risk of generics for Celgene's blockbuster Revlimid, they highlighted near- and long-term growth drivers.