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Celgene Corporation acquires Late-Stage Product for Crohn's Disease and Other Gastrointestinal Disorders

Thursday, 24 Apr 2014 07:30am EDT 

Celgene Corporation:Enters into global license agreement with Nogra Pharma Limited to develop and commercialize GED-0301, an oral antisense DNA oligonucleotide targeting Smad7 mRNA for treatment of moderate-to-severe Crohn's disease and other indications.Nogra Pharma Limited will receive upfront payment of $710 mln, regulatory, development and net sales milestone payments and tiered royalties.Aggregate payments for regulatory and development milestones could potentially be $815 mln for multiple indications. 

Company Quote

3.66 +3.24%
18 Dec 2014