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Celgene options rights to Abide's serine hydrolase program; could acquire the company; deal terminated
Mar 2014
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
-
Biotechnology
-
Drug Discovery Tools
- Genomics-Proteomics
- Molecular Diversity
-
Drug Discovery Tools
- Pharmaceuticals
Deal Status
- Terminated
Deal Type
-
Alliance
- Intra-Biotech Deal
- Includes M&A Option
- Includes Equity
- R+D and Marketing-Licensing
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