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-0.0011000953288845 -0.00190657769304088 0.000156974896727195 -0.00428979980934212 -0.0063552589768033 -0.00603749602796307 -0.00508420718144254 -0.00730854782332366
Stock impact report

Bluebird Bio stock lifts on Regeneron collaboration, $100 mln investment [MarketWatch]

bluebird bio, Inc. (BLUE) 
Last bluebird bio, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.bluebirdbio.com/investor-overview
Company Research Source: MarketWatch
Bluebird Bio stock lifts on Regeneron collaboration, $100 mln investment Bluebird Bio Inc. BLUE, +5.33% and Regeneron Pharmaceuticals Inc. REGN, -0.22% plan a five-year collaboration to develop new cell therapies for cancer, the companies announced early Monday. Regeneron will also invest $100 million in Bluebird Bio shares that values them at $238.10 per share, according to the announcement. Bluebird Bio shares rose 3.5% in morning trade, while Regeneron shares declined 0.3%. The collaboration will focus on six initial targets for the cell therapies, though other targets may also be chosen, and the companies will split the costs of research and development until a new drug application is submitted. The about $37 million premium paid by Regeneron for Bluebird Bio shares will be credited against Regeneron's research funding obligation, after which research will be funded equally. Regeneron will also have the right to choose a co-development and co-commercialization arrangement fo Show less Read more
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