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Evening Standard

Business

Mark Banham

GSK buys US-based cancer specialist Sierra Oncology for $1.9 billion

GSK Sierra Oncology Sierra

Pharma giant GSK has bought cancer specialist Sierra Oncology
(Picture: PA)

Pharmaceutical giant GlaxoSmithKline (GSK) has bought California-based cancer treatment company Sierra Oncology for $1.9 billion (£1.5 billion).

Sierra is in the process of submitting its momelotinib drug for regulatory approval later in the year.

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