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'Data' lot of money: Celgene's pays Nogra $710M up front for phase II Crohn's drug

By Randy Osborne
Staff Writer

Thursday, April 24, 2014
Analysts had plenty of questions but few data-driven answers about Celgene Corp.'s decision to pay $710 million up front to privately held Nogra Pharma Ltd. to develop and commercialize GED-0301, a phase III-ready, oral antisense DNA oligonucleotide targeting Smad7 mRNA for the treatment of moderate to severe Crohn's disease (CD) and other indications.

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