Celgene buys Acetylon, keeps what it wants and spins the rest back out as Regenacy
Months after Celgene quietly passed on a three-year-old option to buy Acetylon, Celgene has come back and snatched what wanted in a buyout — allowing the rest to be spun out into a new company called Regenacy Pharmaceuticals.
The Big Biotech announced Friday afternoon that it had completed a deal to buy Boston-based Acetylon for an unspecified sum (Celgene paid $100 million to acquire the option) with an eye on worldwide rights to Acetylon’s selective HDAC6 inhibitor programs and intellectual property in oncology, neurodegeneration, and autoimmune disease, including its lead drug candidates citarinostat (ACY-241) and ricolinostat (ACY-1215).
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.