Pharma BD Deal Intelligence

Celgene Corporation / Abraxis BioScience Inc.

2010 · Acquisition/Merger · $2.9B · Complete

CALLED IT — OFF BY 1
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The coverage arc

Jun 30, 2010 Abraxis BioScience Form 8-K (press release exhibit) Bullish

Celgene agreed to acquire Abraxis for ~$2.9 billion ($58.00 cash plus 0.2617 Celgene shares and one CVR per share); Abraxane would establish Celgene in solid…

Jun 30, 2010 FierceBiotech Neutral

Celgene framed Abraxane as the centerpiece of a global oncology strategy, with CVR structure tied to lung and pancreatic milestones reflecting both confidence…

Jun 06, 2011 TheStreet Neutral

Roughly a year after the acquisition, coverage reported Celgene was sticking with Abraxane and continuing to invest in expanding its label, reflecting ongoing…

Source summaries from our enrichment pipeline; follow links for originals.

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Celgene agreed to buy Abraxis BioScience for $2.9B in cash and stock plus tradeable CVR for future milestones/royalties. Each share received $58.00 cash + 0.2617 Celgene shares + 1 CVR.

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Key facts

Related deals — scored

DealYearValueOutcome
Celgene Corporation / Abraxis BioScience Inc. (this deal)2010$2.9B65
Celgene Corporation / Bristol-Myers Squibb Company2015$2.0B85
Celgene Corporation / Agios Pharmaceuticals Inc.2010$130M83
Celgene Corporation / Bristol-Myers Squibb Company2018$9.0B68
Celgene Corporation / Receptos Inc.2015$7.2B63
Celgene Corporation / Impact Biomedicines2018$7.0B54
Celgene Corporation / Gloucester Pharmaceuticals, Inc.2009$640M40

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