Celgene 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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