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Celgene to buy Impact for as much as $7B

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Celgene Corp. signed on to purchase blood-disease biotechnology company Impact Biomedicines.

The deal is worth as much as $7 billion, subject to milestones related to regulatory obstacles and sales performance.

Celgene agreed to make a $1.1 billion upfront payment for the San Diego-based privately held company.

Read more from The Wall Street Journal.

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