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MedImmune To Enhance Oncology Pipeline With Buyout Of Neighbor Amplimmune

This article was originally published in The Pink Sheet Daily

Executive Summary

Deal brings AstraZeneca’s biologics subsidiary an anti-PD1 monoclonal antibody that could enter clinical trials this autumn. MedImmune will pay $225 million for the privately held biotech, with milestones of up to $275 million possible down the line.

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