Celgene Corporation (NasdaqGS:CELG) entered into an agreement to acquire Delinia, Inc. from Atlas Venture L.P., Sofinnova Partners and others for approximately $780 million on January 26, 2017. Under the terms of the agreement, Celgene will make an initial payment of $300 million. Delinia shareholders will be eligible to receive up to an additional $475 million in contingent payments upon achievement of certain development, regulatory and commercial milestones.

The transaction is anticipated to close in the first quarter of 2017. Kingsley Taft, Maggie Wong, Margaret Steere, Erini Svokos, Daniel Karelitz, Jennifer Fay, Steve Feldstein, Ali Murata, Nic Frey, Todd Hahn and Jeff Cheng of Goodwin Procter LLP acted as legal advisors for Delinia. Wilson Sonsini Goodrich & Rosati acted as legal advisor for Delinia.

Robert Cantone and Michael Callahan of Proskauer Rose LLP acted as legal advisors to Celgene Corporation.