Ballsy Celgene Continues to Tread Carefully Into Neurosciences

$710M Gamble Fails as Celgene Terminates Two Phase

$710M Gamble Fails as Celgene Terminates Two Phase

The company made some bold moves this month in acquiring Juno and Impact

Two years ago during a lunch with a group of reporters at the J.P. Morgan confab, then Celgene CEO (now executive chairman) Bob Hugin got my attention with a comment on the importance of neurosciences in the pipeline.

Any company that expects to have a major position in the industry a decade from now will almost have to play a big role in developing therapies for neurodegeneration, he told us, making it clear that he wasn’t talking about some sudden splurge on neurodegeneration deals.

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