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Celgene takes a stake in PharmAkea with an option to acquire; helps propel drug discovery efforts

Executive Summary

Celgene Corp. took an equity stake in fibrotic disease- and cancer-focused start-up PharmAkea Therapeutics Inc., and committed to help the company discover and develop new small-molecule therapeutics.

Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity
    • Intra-Biotech Deal
    • R&D and Marketing (Licensing)

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