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Evening Standard
Evening Standard
Business
Anna Wise

GSK buys US-based rare cancer treatment developer for up to £1bn

Pharmaceutical firm GSK was among firms to drop in share value on Wednesday (GSK/PA) -

Drugmaker GSK has agreed to pay up to 1.15 billion US dollars (£950 million) for a US-based biopharmaceutical company which is developing rare cancer therapies.

GSK said the acquisition of IDRx will help it target a “major gap in the current standard of care” related to gastrointestinal cancers.

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