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With Celgene's $13.4B sale of Otezla, Amgen adds to anti-inflammatory franchise

Investors appeared to be more than satisfied with Celgene's take from the sale of Otezla to Amgen for $13.4 billion in cash, removing a hurdle from BMS's path toward the completion of its proposed $74 billion acquisition of Celgene.

Shares of Bristol-Myers Squibb Co. (NYSE:BMY) rose about 3%, adding $2.5 billion to its market cap Monday. The pharma said in June that following discussions with the Federal Trade Commission, it would divest Otezla

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