Acceleron & Celgene Form Collaboration for Anemia Treatment
Celgene and Acceleron will jointly develop, manufacture and commercialize ACE-536, a novel protein therapeutic for the treatment of anemia.
Acceleron Pharma, Inc., a biopharmaceutical company developing protein therapeutics for cancer and orphan diseases, and New Jersey-based pharmaceutical company Celgene Corporation announced Wednesday that they have entered into a joint development and commercialization agreement for ACE-536 for the treatment of anemia.
Under the agreement, Celgene and Acceleron will jointly develop, manufacture and commercialize ACE-536, a novel protein therapeutic that inhibits members of the TGF-beta superfamily involved in erythropoiesis, for the treatment of anemia. Additionally, Celgene will have an option to future Acceleron programs developed for anemia. Celgene will make an upfront payment to Acceleron of $25 million.
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