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Posts Tagged ‘Cancer’

Novartis to Buy Cancer Drug Company Endocyte for $2.1 Billion

Swiss pharmaceutical giant Novartis is making a big acquisition under its new chief executive, Vasant Narasimhan. The company announced that it would be buying U.S. cancer drug maker Endocyte Inc. for $2.1 billion, or $24 a share for the company, in cash. Endocyte, which specializes in so-called radiopharmaceuticals, is developing a new treatment for prostate…

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