Juno Therapeutics acquires Stage Cell Therapeutics

13 May 2015

USA-based biotech firm Juno Therapeutics (Nasdaq: JUNO) says it has acquired Stage Cell Therapeutics, a privately held biotechnology company based in Munich and Göttingen, Germany.

Juno made an upfront payment of 52.5 million euros in cash (about $59 million) and 486,279 shares of Juno stock to acquire the 95% of Stage not already owned by Juno. Juno is also obligated to pay success based payments of up to 135 million euros based upon the achievement of development and commercialization milestones related to novel reagents (40 million euros), advanced automation technology (65 million euros), and Stage's existing clinical pipeline (30 million euros).

Strengthens Juno cell therapies position

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