Delaware
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001-34912
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22-2711928
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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86 Morris Avenue, Summit, New Jersey
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07901
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(Address of principal executive offices)
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(Zip Code)
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p
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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p
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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p
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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p
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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(a)
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Pro forma financial information
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Exhibit No.
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Description
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2.1*
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23.1*
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99.1*
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99.2*
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99.3*
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99.4*
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99.5
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* Previously filed.
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CELGENE CORPORATION
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Date: January 25, 2019
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By:
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/s/ David V. Elkins
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David V. Elkins
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Executive Vice President and
Chief Financial Officer
(principal financial and accounting officer)
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Celgene
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Juno
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Pro Forma
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See
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Pro Forma
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||||||||
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(Historical)
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(Historical)
(1)
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Adjustments
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Note 5
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Combined
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||||||||
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Revenue:
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||||||||
Net product sales
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$
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11,229
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$
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—
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$
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—
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$
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11,229
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Other revenue
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15
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28
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(18
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)
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a
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25
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||||
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||||||||
Total revenue
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11,244
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28
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(18
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)
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11,254
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Expenses:
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||||||||
Cost of goods sold (excluding amortization of acquired intangible assets)
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418
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—
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—
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418
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Research and development
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4,535
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94
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(319
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)
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b
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4,310
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Selling, general and administrative
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2,400
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99
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(266
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)
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c
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2,233
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Amortization of acquired intangible assets
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341
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—
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14
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d
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355
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Acquisition related charges, net
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166
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—
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(92
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)
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e
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74
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||||
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Total costs and expenses
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7,860
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193
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(663
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)
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7,390
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||||
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Operating income (loss)
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3,384
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(165
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)
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645
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3,864
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Other income and (expense):
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Interest and investment income, net
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30
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2
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(8
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)
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f
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24
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Interest (expense)
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(551
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)
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—
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(15
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)
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g
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(566
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)
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Other income (expense), net
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852
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1
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(458
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)
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h
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395
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||||
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Income (loss) before income taxes
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3,715
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(162
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)
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164
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3,717
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||||
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Income tax provision
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742
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—
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28
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i
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770
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Net income (loss)
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$
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2,973
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$
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(162
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)
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$
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136
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$
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2,947
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Net income per share:
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Basic
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$
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4.12
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$
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4.08
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Diluted
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$
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4.02
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$
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3.98
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Weighted average shares:
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Basic
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722.0
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722.0
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Diluted
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740.4
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740.4
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(1)
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Historical Juno results are for the period from January 1 through March 5, 2018. As the acquisition was completed on March 6, 2018, all Juno results as of and after this date are included in the historical results of Celgene.
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Number of Juno common shares outstanding as of March 5, 2018 (excluding those owned by Celgene)
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104,614,284
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Cash price per share
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$
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87.00
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Cash consideration
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$
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9,101
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Fair value of Juno equity awards attributed to pre-combination service period
(1)
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367
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Fair value of Celgene’s investment in Juno
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966
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Estimated purchase price consideration
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$
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10,434
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Allocation of purchase price (in millions):
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Tangible assets and liabilities:
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Working capital
(1)
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$
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437
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Property, plant and equipment, net
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144
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Other non-current assets
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46
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Deferred tax liabilities, net
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(1,530
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)
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Other non-current liabilities
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(41
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)
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Total net tangible assets
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(944
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)
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Intangible assets:
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In-process research and development (IPR&D)
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6,980
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Definite-lived intangible asset
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1,260
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Goodwill
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3,138
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Total intangible assets
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11,378
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Total allocated estimated purchase price consideration
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$
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10,434
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Reclassification of acquisition related charges from Research and development (see note 5(b))
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$
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15
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Reclassification of acquisition related charges from Selling, general and administrative (see note 5(c))
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70
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Elimination of Celgene’s transaction costs
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(92
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)
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Elimination of Juno’s transaction costs
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(85
|
)
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Total pro forma adjustments to Acquisition related charges, net
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$
|
(92
|
)
|