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AstraZeneca Acquires Arrow Therapeutics, Cuts 3,000 Jobs

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By: Tim Wright

Editor-in-Chief, Contract Pharma

AstraZeneca has entered into an agreement to acquire Arrow Therapeutics Ltd., a UK biotechnology company focused on the discovery and development of anti-viral therapies, for $150 million in cash. The transaction is expected to close early this year. The acquisition is part of the company’s strategic plan to strengthen its portfolio of anti-infective treatments from external opportunities that complement its internal capabilities in anti-bacterials. The company had previously announce...

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