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Business
Celgene Takes Mesoblast Stake
by Lisa M. Jarvis
April 20, 2015
| A version of this story appeared in
Volume 93, Issue 16
Celgene is taking a minority stake, worth $45 million, in Mesoblast, an Australian biotech firm developing cellular therapies for cancer and immuno-inflammatory diseases. Celgene also gains a six-month right to license Mesoblast’s mesenchymal lineage adult stem cell product candidates for acute graft-versus-host disease, certain cancers, inflammatory bowel diseases, and organ transplant rejection. Mesoblast acquired its mesenchymal stem cell business, which includes two products in Phase III studies, from Osiris in 2013.
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