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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

AstraZeneca buys Chinese cancer therapy firm Gracell for $1.2bn

AstraZeneca Cancer China United States
Cancer cells revealed by fluorescence imaging
Cancer cells revealed by fluorescence imaging. Gracell focuses on CAR-T cancer therapy. Photograph: Nicola Ferrari/Getty Images/iStockphoto

AstraZeneca has struck a deal to buy a Chinese cancer therapy company for up to $1.2bn (£950m), as Britain’s biggest drugmaker expands its footprint in its second-largest market.

The Anglo-Swedish pharmaceutical firm announced on Tuesday it would acquire Gracell Biotechnologies, which is focused on a type of cancer therapy known as CAR-T that modifies a patient’s cells to fight the disease.

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