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AstraZeneca to Acquire Amolyt Pharma in Potential $1.05B Deal

Further expands rare disease pipeline with Phase III therapeutic peptide designed to meet key therapeutic goals for hypoparathyroidism.

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By: Kristin Brooks

Managing Editor, Contract Pharma

AstraZeneca entered a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing treatments for rare endocrine diseases, for a total consideration of up to $1.05 billion, including $800 million upfront plus an additional contingent payment of $250 million based on a specified regulatory milestone.   The proposed acquisition will bolster the Alexion, AstraZeneca Rare Disease late-stage pipeline and expand on its bone metabolism franchise with the...

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