Roche Buying Seragon In US For Up To $1.7 Billion
Roche Holding AG says its U.S.-based biotech company Genentech has agreed to acquire American biotechnology firm Seragon Pharmaceuticals, Inc. for up to $1.725 billion in cash and contingency payments. The Basel, Switzerland-based pharmaceutical giant, which is the world’s biggest manufacturer of cancer drugs, says the deal will give Genentech rights to Seragon’s portfolio of oral drugs under development to treat certain kinds of breast cancer.
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