BioCentury on BioBusiness,
Sale of royalties in Pharmacyclics' ibrutinib pays for Quest's takeout of Celera
Monday, July 29, 2013
Without generating a single
cent in sales, ibrutinib has already produced at least $835 million in cash for
its current and former owners, including $350 million in partnership money for Pharmacyclics
Inc. (NASDAQ:PCYC) and $485 million pocketed by Quest Diagnostics Inc.
(NYSE:DGX) this month through the sale of its residual royalty stake.
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