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Sutro, Celgene revamping immuno-oncology deal

Sutro Biopharma Inc. (South San Francisco, Calif.) said it is refocusing a 2014 immuno-oncology multi-specific antibody and antibody-drug conjugate (ADC) deal with Celgene Corp. (NASDAQ:CELG). As part of the new agreement, the partners terminated Celgene's option to acquire Sutro.

In the original 2014 deal, the

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