Pharma BD Deal Intelligence
Celgene's up-to-$200M bet let Forma run point on protein homeostasis drug discovery through Phase 1 before Celgene stepped in - a framework deal, not a single-asset buy, betting on a hot but still-unproven mechanism.
Outcome grade pending — assessed 5 years post-close.
Full analysis, sources & comparables →Describes the Forma-Celgene 'expansive alliance' in protein homeostasis, presenting the multi-year, milestone-rich partnership as a significant strategic…
FierceBiotech framed the 2013 deal as Celgene tapping Forma in 'the hot field of protein homeostasis,' situating it alongside validated proteasome (Velcade,…
BioPharma Dive reported Celgene paying $195M to extend the Forma alliance through 2019, with continued option to acquire Forma — characterizing the high…
Source summaries from our enrichment pipeline; follow links for originals.
All 6 sources with sentiment breakdown →
Celgene-Forma initial collaboration to discover/develop small molecules targeting protein homeostasis; up to $200M in research and early development funding; Forma led through Phase 1, Celgene took over post.
Assessment window: 5yr post-close.
Protein homeostasis (proteostasis) covers the cellular machinery — chaperones, the ubiquitin-proteasome system, autophagy, the unfolded protein response — that regulates protein synthesis, folding, and degradation. Cancer cells, with high proliferation rates and elevated mutational load, depend disproportionately on intact proteostasis, making the pathway a tractable target class.
By 2013, proteostasis was an emerging oncology target class anchored by validated proteasome inhibitors — Takeda/Millennium's Velcade (bortezomib) and Amgen/Onyx's Kyprolis (carfilzomib, approved 2012) for multiple myeloma — plus HSP90 inhibitors in development at Synta, Infinity, and others. Forma's platform extended beyond proteasome/HSP90 into broader proteostasis pathways (chaperones, UPR, deubiquitinases, metabolic enzymes affecting protein stability) and provided Celgene a discovery-stage option to complement its Revlimid/Pomalyst myeloma franchise where proteostasis biology was clinically validated. The 2013 deal: undisclosed upfront, up to $200M in research and early development funding, with Forma running candidates through Phase 1 and Celgene taking over global development for licensed assets ex-US, plus $315M+ milestones per first license. The collaboration was expanded in 2014 to include a buyout option, signaling Celgene's escalating conviction. Forma later spun out non-Celgene programs and pursued sickle cell disease (etavopivat) — eventually acquired by Novo Nordisk in 2023 — though no Celgene-licensed asset reached approval prior to BMS's 2019 Celgene takeover.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Celgene Corporation / Forma Therapeutics Holdings Inc. (this deal) | 2013 | $200M | — |
| Celgene Corporation / Bristol-Myers Squibb Company | 2015 | $2.0B | 85 |
| Celgene Corporation / Agios Pharmaceuticals Inc. | 2010 | $130M | 83 |
| Celgene Corporation / Bristol-Myers Squibb Company | 2018 | $9.0B | 68 |
| Celgene Corporation / Abraxis BioScience Inc. | 2010 | $2.9B | 65 |
| Celgene Corporation / Receptos Inc. | 2015 | $7.2B | 63 |
| Celgene Corporation / Impact Biomedicines | 2018 | $7.0B | 54 |
← Browse all deals · How we score deals
More: 2013 deals · Celgene Corporation deals · Oncology deals