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AstraZeneca to buy Alexion for $39 bn in biggest pharma deal since COVID-19
short by Pragya Swastik / on Saturday, 12 December, 2020
UK drugmaker AstraZeneca on Saturday agreed to buy US biotechnology group Alexion Pharmaceuticals in a $39 billion cash-and-stock deal. This marks the biggest deal by a pharmaceutical company since the start of the coronavirus pandemic. Upon completion of the deal, Alexion shareholders will own about 15% of the combined company.
read more at Reuters