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AstraZeneca would consider buying company such as Juno-Bloomberg

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02 Jun 2015 11:39 #257902 by chairman
AstraZeneca Plc (AZN.L) (AZN.N) would consider buying a company such as Juno Therapeutics Inc (JUNO.O), Bloomberg reported AstraZeneca's CEO as saying, according to StreetInsider.

Juno's shares rose as much as 14.9 percent to $61.

Seattle-based Juno, among the few companies developing a new class of immuno-oncology treatments called CAR-T cell therapies, had a market value of $4.38 billion as of Monday's close.

The companies were not immediately available to comment on the report.

AstraZeneca and Juno already have a collaboration agreement to test one of AstraZeneca's cancer drugs in combination with Juno's CAR-T cell therapy, which is considered to be a breakthrough in cancer treatment.

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