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Dec 11, 2006

Celgene Procures API Manufacturing Plant for $46.5M

  • Celgene acquired an API manufacturing facility from Siegfried in a deal worth $46.5 million. Celgene will make an initial payment of $12.5 million for the assets. The manufacturing facility will initially will be used to produce Revlimid.

    This API manufacturing plant has been approved by U.S. and European regulatory authorities to produce and supply drug substances for both of these markets. Siegfried will continue to collaborate with Celgene to provide chemical intermediates, quality control systems, analytical testing, and other technical support services.



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Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

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