Is Acceleron Pharma Stock a Buy? [The Motley Fool]
Acceleron Pharma Inc. (XLRN)
Last acceleron pharma inc. earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.acceleronpharma.com/investor-relations
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Source: The Motley Fool
Last week, Acceleron Pharma ( NASDAQ:XLRN stock to skyrocket Image source: Getty Images. What happened? Acceleron reported that its drug sotatercept successfully met the primary and secondary endpoints in a phase clinical trial A little history To understand Acceleron, an investor needs to look back into its history, particularly its longstanding relationship with Celgene, now part of Bristol-Myers Squibb The companies subsequently amended the agreement in 0 and again in 07, the latest version giving Acceleron the rights to sotatercept for pulmonary hypertension, including PAH, while Celgene maintained rights to all other disease indications. Over the years, Celgene paid $. million in R&D expenses related to the program. Initially, the companies sought to develop the drug for cancer-related bone loss. Celgene expanded its relationship with Acceleron by acquiring the rights to a second drug called luspatercept. This drug rapidly took center stage for Celgene. The company quickly advan
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