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Celgene options rights to Abide's serine hydrolase program; could acquire the company; deal terminated
29 Mar 2018
Executive Summary
Abide Therapeutics Inc. (developing drugs that target serine hydrolase enzymes) granted Celgene Corp. options to exclusively license rights to the start-up’s first two compounds that reach the clinic for immune diseases and inflammation. Celgene also has the option to acquire the company.
Deal Industry
- Pharmaceuticals
-
Biotechnology
-
Drug Discovery Tools
- Genomics-Proteomics
- Molecular Diversity
-
Drug Discovery Tools
Deal Status
- Terminated
Deal Type
-
Alliance
- Includes Equity
- Includes M&A Option
- Intra-Biotech Deal
- R&D and Marketing (Licensing)
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