Celgene Corp. on Monday said it’s reached a deal to buy Juno Therapeutics Inc., a biotech company developing cancer treatments, for $9 billion, or $87 a share in cash. Juno shares in premarket trade Monday jumped 26% to $86.10 each, after ending Friday’s session at $67.81. Celgene said the deal, expected to close in the first quarter of this year, should add 50 cents a share to adjusted per-share earnings in 2018. Juno’s JCAR017 treatment for non-Hodgkin lymphoma should “be a significant growth driver beyond 2020 with potential global peak sales of approximately $3 billion,” said Celgene. “Juno’s advanced cellular immunotherapy portfolio and research capabilities strengthen Celgene’s global leadership in hematology and adds new drivers for growth beyond 2020,” said Celgene.
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