Can a Small New Stem Cell Pact Move the Needle for Celgene?

24/7 Wall St.

biotechCelgene Corp. (NASDAQ: CELG) is one of the world’s top biotech stocks now, and its market cap is nearly $100 billion. The company has made a new investment in a stem cell company in Australia, and 24/7 Wall St. wants to know if this is the sort of thing that can ever make a dent based on the size.

In biotech, and in other things, size can matter. So how does a $45 million investment get Celgene in a position to where it can move the needle?

Celgene spent $45 million to buy into a company called Mesoblast. The deal is said to give Celgene a first look at the Australian biotech’s stem cell candidate pipeline, which ultimately means that Celgene would be given preferential treatment in any future licensing opportunities.

Celgene had a market cap of $93 billion on last look, and it ended 2014 with more than $7.5…

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