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Us Stocks-Wall St little changed; Celgene leads healthcare rally

2015-07-15 20:03:23| Paper - Topix.net

The Dow Jones and the S&P 500 were little changed in morning trading on Wednesday, while Celgene led a rally in health stocks that pushed the Nasdaq to modest gains. Bank of America reported its biggest quarterly profit in nearly four years.

Tags: changed leads healthcare rally

Celgene Will Buy Drug Developer Receptos for $7.32 Billion

2015-07-15 00:23:18| Biotech - Topix.net

Cancer drug maker Celgene says it will buy drug developer Receptos for $7.32 billion cash, gaining a drug Receptos is studying as a treatment for multiple sclerosis and ulcerative colitis. Celgene agreed to pay $232 per share for Receptos, and the companies valued the deal at $7.2 billion excluding Receptos' cash on hand.

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Celgene and Juno Announce Ten-Year Collaboration to Advance...

2015-06-29 23:23:19| Biotech - Topix.net

Broad strategic collaboration leveraging combined immunology expertise and assets to develop and commercialize novel immunotherapies for the treatment of cancer and autoimmune diseases Celgene to make initial payment of approximately $1 billion which includes the purchase of ~9.1 million shares of Juno stock at $93.00 per share, with potential to increase its stake over time SUMMIT, N.J. & SEATTLE-- -- Celgene Corporation and Juno Therapeutics, Inc. announced today a global collaboration for the development and commercialization of immunotherapies.

Tags: advance collaboration announce juno

Pick Up Celgene After 9% Pullback - It's Ready

2015-06-20 19:05:23| Biotech - Topix.net

The oncology treatment sector is expected grow 7% annually over next five years, and Celgene is forecast to have high double-digit earnings growth annually over next several years. Celgene Corporation is seeing a lot of success from its bone marrow cancer treatment drug Revlimid among its other cancer fighting drug products.

Tags: its ready pick pullback