Celgene Corp. will diversify its portfolio without really diversifying its focus with the $9bn acquisition of chimeric antigen receptor T-cell (CAR-T) therapy pioneer Juno Therapeutics Inc., increasing its footprint in cell therapy and hematology while taking a step into new solid tumor territory.
Celgene Seeks CAR-T Leadership, Hematology Diversification With Juno Buy
Celgene will pay $9bn to buy the 90.3% of Juno that it doesn't already own, seeking to not only become a leader in the CAR-T field, but to increase its leadership in non-Hodgkin lymphoma, multiple myeloma, other hematological malignancies.
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