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Celgene To Pay $1.1 Billion For Maker Of Cancer Drug

Celgene will add as much as $1.25 billion to the upfront payment if Impact’s drug fedratinib reaches approval milestones to treat myelofibrosis, a form of bone marrow cancer, and another $150 million for other indications. Additional payments could reach as much as $4.5 billion if global annual sales rise above $5 billion.

Read the whole story at Bloomberg »

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