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Five of Celgene's biotech investments are among this year's IPO class
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The godfather of IPOs
Monday, September 23, 2013
Celgene Corp. (NASDAQ:CELG) has no corporate venture arm but its
prowess in taking equity stakes in interesting young biotechs - often in
parallel with a partnership - has been on display on Wall Street as five of its
investments have priced IPOs this year, including Acceleron Pharma Inc.
(NASDAQ:XLRN) last week.
Celgene has argued that the
lack of a formal venture group gives it freedom to work with potential partners
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