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Celgene buys Juno for $9bn
13 Mar 2018
Executive Summary
Confirming rumors that began swirling a week prior, Celgene Corp. announced that it signed a definitive agreement to acquire the remaining 90.3% of cellular immunotherapies developer Juno Therapeutics Inc. that it didn’t already own for $87 per share or roughly $9bn. The share price represents an 80% premium to Juno’s trading average for the ten days prior to the January 17 media speculation.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
- Vaccines
-
Biotechnology
- Gene Therapy, Cell Therapy
Deal Status
- Final
Deal Type
-
Acquisition
- Includes Contract
- Intra-Biotech Deal
- Partial Acquisition
- Payment Includes Cash
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Celgene buys Juno for $9bn
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