US-based pharmaceutical company Celgene Corporation has reached an agreement to acquire Delinia for a consideration of $775m, which includes an initial payment of $300m and continent payments up to $475m upon achievement of certain development, regulatory and commercial milestones.
Both companies involved in the transaction are based in the US.
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Celgene aims to expand its inflammation and immunology pipeline for the treatment of autoimmune disorders through the acquisition.
US-based synthetic biology company Intrexon Corporation has signed a definitive agreement to acquire GenVec.
Also based in the US, the target company is a developer of gene delivery technology.
Intexron expects the acquisition will help expand its gene delivery platform to target complex multi-gene disorders.
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