Celgene makes $15 million investment in Acetylon
US biotech Celgene (Nasdaq: CELG) will invest a total of $15 million in Acetylon Pharmaceuticals via the purchase of Series B-2 Preferred Stock. Mark Alles, Celgene’s chief commercial officer, will serve as a non-voting observer to the Acetylon board of directors. However, Celgene does not receive rights or options to Acetylon technology under the terms of the equity purchase agreements.
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