Pharma BD Deal Intelligence

Celgene Corporation / Agios Pharmaceuticals Inc.

2010 · Licensing/Option · $130M · Complete

Announcement Sentiment
94
Strongly positive
Outcome Score
83
Worked — the deal delivered on its rationale.

Celgene and Agios entered a three-year global strategic collaboration to discover and develop therapies targeting cancer cell metabolism, including IDH1 and IDH2 mutant inhibitors. Agios received $130 million upfront (including an equity investment). Celgene gained exclusive options to license clinical candidates emerging from the collaboration after Phase I. Each optioned program carried up to $120 million in milestones plus royalties. This deal ultimately led to the development of ivosidenib (Tibsovo/IDH1 inhibitor) and enasidenib (Idhifa/IDH2 inhibitor). Rights were later restructured: Celgene retained worldwide enasidenib rights; Agios regained US ivosidenib rights in 2016 amendments, with Celgene keeping ex-US option.

Did it work? Outcome assessment

Celgene / Agios (expanded collaboration): Achieved Stated Rationale (Score: 85/100)

Strategic verdict
Achieved Stated Rationale

Key facts

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