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Home » Celgene Bets Big on Abraxane in $2.9B-Plus Deal for Abraxis
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Celgene Bets Big on Abraxane in $2.9B-Plus Deal for Abraxis

July 1, 2010
By Jennifer Boggs
Abraxis BioScience Inc., long rumored to be a take-out target, particularly after the January departure of CEO Lonnie Moulder, is being acquired by Celgene Corp. in a $2.9 billion cash and stock deal that gives the big biotech rights to Abraxis' nanoparticle albumin bound-based drug pipeline, including star cancer drug Abraxane. (BioWorld Today)
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