Wednesday, April 3, 2013

AstraZeneca buys early-stage U.S. biotech firm

The CEO of AstraZeneca, Pascal Soriot, is seen posing for a photograph in this undated picture provided by AstraZeneca in LondonLONDON (Reuters) - AstraZeneca boosted its early-stage pipeline of experimental heart drugs on Wednesday by buying privately held U.S. biotechnology company AlphaCore Pharma, which is developing a new type of cholesterol medicine. Financial details of the acquisition by the British drugmaker's MedImmune unit were not disclosed. AstraZeneca's new CEO Pascal Soriot said last month he planned to build up the company's sparse drug pipeline by striking more deals, with cardiovascular and metabolic disease a particular priority. ...


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