Forma Therapeutics nabbed a $225m upfront fee to enter into its second collaboration with Celgene, but the agreement is structured as up to four transactions in one – the last deal being an acquisition of Forma by its partner.
Celgene entered into an initial collaboration with Watertown, Massachusetts-based Forma under the companies' new agreement, but it has an option to enter into two additional partnerships, which would give Forma up to $375m in additional upfront fees