Celgene is known for making high-dollar bets for strategic assets. Arguably, from the statement by Bob Hugin on neurodegeneration R&D, Celgene may be about to skate to where the puck is going to be driven by the demographics of an ageing population.
So what does a high-dollar bet look like to secure a strategic pipeline deal? In order to provide a realistic comparison with Neuren lets only look only at companies with Phase 11 clinical results in hand.
Celgene acquired Receptos for US$7.2B in July 2015 in order to secure ozanimod which is in clinical trials for ulcerative colitis and multiple sclerosis. Now, that's a big bet even though to be fair Receptos has progressed to Phase 111 development. If successful, ozanimod could bring in peak annual sales of US$4-6B.
Hugin stated that the Receptos acquisition provided a transformational opportunity to impact multiple therapeutic areas in inflammation and immunology. Now what was he reported to have said about neurodegeneration R&D?
Outside Markets, page-9
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