Celgene invests in Quanticel; holds purchase option; option exercised
Celgene Corp. has entered into an exclusive agreement with genomics start-up Quanticel Pharmaceuticals Inc. Celgene committed $45mm in funding during the initial three-and-a-half-year alliance term, took an undisclosed equity stake, and retains an exclusive option to both extend the deal and/or acquire the company.
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