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Celgene to pay $2.9bn to acquire Abraxis BioScience

16 Sep 2013

Executive Summary

Publicly traded Abraxis BioScience Inc. (nanoparticle-based cancer drugs) has agreed to be acquired by Celgene Corp. for $2.9bn. For each of its company's shares held, Abraxis stockholders will receive $58 in cash and 0.2617 Celgene shares, or about $72 per share (a 17% premium).
Deal Industry
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
      • Site Specific
  • Biotechnology
    • Nanotechnology, Chips, etc.
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Includes Earnout
    • Intra-Biotech Deal
    • Payment Includes Cash
    • Payment Includes Stock

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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