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Celgene diversifies with $7.2bn Receptos buy

 
• By Mandy Jackson

Celgene believes that its all cash $7.2bn acquisition of Receptos will add at least $4bn to $6bn in peak annual sales to the company's future revenue and help the biotechnology giant exceed a previous goal of $20bn in annual revenue.

Celgene believes that its all cash $7.2bn acquisition of Receptos will add at least $4bn to $6bn in peak annual sales to the company's future revenue and help the biotechnology giant exceed a previous goal of $20bn in annual revenue.

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