OncoMed Partners With Celgene

OncoMed Pharmaceuticals Inc. (Nasdaq: OMED) and Celgene Corp. (Nasdaq: CELG) will jointly develop and commercialize up to six anti-cancer stem cell products. Shares of OncoMed jumped $13.70 to close at $27.70 while Celgene stock plunged $3.18 to close at $159.93.

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