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With Celgene Acquisition Closed, Bristol Faces Major Milestones

 
• By Mandy Jackson

Bristol bought Celgene following multiple pipeline setbacks, but the biotech giant made positive progress recently that the big pharma will be expected to continue. 

Business teamwork puzzle pieces.
The $76bn merger adds significantly to Bristol's late-stage R&D pipeline. • Source: Shutterstock

Now that Bristol-Myers Squibb Co. has closed its purchase of Celgene Corp. for nearly $76bn in cash and stock, the big pharma will have to keep up the momentum within its newly acquired pipeline to achieve the value it promised at the start of 2019 when the deal was announced.

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