Celgene diversifies with $7.2bn Receptos buy

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.

Summit, New Jersey-based Celgene expects to bring in more than $21bn in revenue in 2020 if Receptos's lead drug candidate ozanimod, a selective sphingosine 1-phosphate (S1P) receptor modulator, wins US FDA approval for the treatment of relapsing

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