By Rebecca U. Cho
Daily Journal Staff Writer
Biopharmaceutical company Celgene announced plans Monday to acquire Gloucester Pharmaceuticals for up to $640 million. The deal would bolster Celgene's anticancer drug line. Summit, N.J.-based Celgene will pay an initial $340 million in cash for Gloucester, based in Cambridge, Mass., and $300 million in installments upon reaching certain regulatory milestones. A Jones Day team in Irvine repre...
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