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Celgene Notches A Needed Win As Acceleron-Partnered Luspatercept Succeeds In MDS

 
• By Mandy Jackson

Celgene delivers positive top-line Phase III results for a key pipeline drug as luspatercept reduces the need for blood transfusions in patients with myelodysplastic syndromes. Partner Acceleron's stock soars ahead of a detailed data presentation later this year.

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Celgene Corp. and Acceleron Pharma Inc. anticipate first half 2019 global regulatory filings for luspatercept based on Phase III results in myelodysplastic syndromes (MDS), giving Celgene a much-needed win and accelerating Acceleron's stock ahead of a detailed data presentation later this year.

Celgene has had multiple setbacks in its research and development pipeline and needs studies due to report results this year to deliver strong data so that it can regain investor confidence, which it appeared to do following the release of top-line results for luspatercept after the stock market closed on June 28. But while Celgene's stock closed 4

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