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Celgene Seeks CAR-T Leadership, Hematology Diversification With Juno Buy

 
• By Mandy Jackson

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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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.

The transaction announced Jan. 22 gives Celgene full ownership of programs that it is developing with Juno under a 2015 partnership agreement – a deal through which Celgene already has invested a lot of money in Juno, including the acquisition of a 10% stake in the CAR-T specialist

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