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AstraZeneca buys Novexel for up to $505 million in antibiotic gambit
24 December 2009
Christopher Spillane

AstraZeneca has agreed to acquire Novexel in an all-cash deal worth up to $505 million that deepens the UK pharma firm's antibiotic portfolio.
AstraZeneca will buy Novexel, which was spun out of Aventis Pharma in late 2004, for $350 million cash and will pay up to $75 million in development...



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