→ Celgene $CELG has priced four series of senior unsecured notes for an aggregate of $4.5 billion, a portion of which will be used to pay for a slice of its $9 billion acquisition of Juno Therapeutics (announced in January). Of the new notes, $500 million will mature in 2021 with an annual interest rate of 2.875%, $1 billion will mature in 2023 at 3.25%. $1.5 billion will mature in 2028 at 3.9%, and $1.5 billion will mature in 2048 at 4.55%.
→ A new study published in Health Affairs concluded that Novartis should’ve priced its pioneering CAR-T Kymriah at a level far below the $450,000 figure that it went with. The authors — two of whom have incurable blood cancers — crunched the numbers and came up with $160,000, which they felt would be more fair. “(I)f patients like us cannot afford the drug, then this hope is pointless.”
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