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Celgene Returns To Forma’s Door, This Time With Option To Buy

 
• By Lisa LaMotta

The big biotech signed an expansive collaboration with the drug discovery company spanning multiple targets and numerous therapeutic areas. Celgene agreed to pay $225 million upfront and could eventually buy the company.

Despite its unique corporate structure, Forma Therapeutics Holdings LLC has found a potential suitor in Celgene Corp. – that is if all the terms of the 7.5-year deal announced April 1 are met. The big biotech and the drug discovery company have teamed up in a second partnership, one that includes an option for Celgene to acquire the entire Forma holding companies as well as the asset discovery and development companies under its umbrella.

Celgene has committed $225 million in cash upfront to Forma in a 3.5 year collaboration that includes the rights to...

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More from North America

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