Buyer: Bristol-Myers Squibb
Seller: Celgene Corporation
Bristol-Myers Squibb to Acquire Celgene Corporation
NEW YORK & SUMMIT, N.J. — In a deal worth $74 billion, Bristol-Myers Squibb announced today its plans to acquire Celgene Corporation. The transaction, according to Bristol-Myers, will create a leading focused specialty biopharma company well positioned to address the needs of patients with cancer, inflammatory and immunologic disease and cardiovascular disease through high-value innovative medicines and leading scientific capabilities. Together, the combined new entity will manufacture nine products that Bristol-Myers estimates will generate $1 billion in yearly sales.
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