Acetylon Pharmaceuticals entered into an agreement to be acquired by Celgene Corporation

Saturday, December 03, 2016

Acetylon Pharmaceuticals -Regenacy Pharmaceuticals to be launched by Acetylon Pharmaceuticals and Celgene Corporation agrees to complete acquisition of acetylon.

Acetylon Pharmaceuticals - entered into an agreement to be acquired by Celgene Corporation.

Acetylon Pharmaceuticals - financial terms of acquisition are not being disclosed.

Acetylon- key members of co executive team will join Regenacy, which will operate out of Acetylon's former headquarters in Boston's Seaport District.

Acetylon Pharmaceuticals - prior to consummation of acquisition, Acetylon will spin out a new company, Regenacy Pharmaceuticals, LLC.

Acetylon Pharma-Regenacy will receive worldwide rights to co's phase 2 selective histone deacetylase 6 (HDAC6) inhibitor, ricolinostat, among others.

 

Source : reuters.com