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Bristol-Myers adds to cancer-treatment push with acquisition

2015-02-23 17:07:55| Biotech - Topix.net

Bristol-Myers Squibb is using an acquisition that could be worth more than $1 billion and a separate collaboration agreement to continue its push into developing cancer treatments that use a patient's immune system to attack the disease. The New York drugmaker said Monday that it will buy the privately held biotechnology company Flexus for $800 million up front and another $450 million in possible milestone payments.

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Category:Biotechnology and Pharmaceuticals

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