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Otsuka snaps up cancer/CNS venture Astex for $886m

 
• By Ian Haydock

Otsuka Holdings is to acquire the US firm Astex Pharmaceuticals for $8.50 per share, or around $886m, in a move that will expand the major diversified Japanese group's interests in both oncology and the CNS area in line with mid-term strategy.

Otsuka Holdings is to acquire the US firm Astex Pharmaceuticals for $8.50 per share, or around $886m, in a move that will expand the major diversified Japanese group's interests in both oncology and the CNS area in line with mid-term strategy.

The transaction, expected to be completed within the next few weeks through Otsuka America Inc and a vehicle corporation, should also fund the development of Nasdaq-listed Astex's pipeline, which includes

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