AstraZeneca Buys Spirogen for up to $440M

- October 15th, 2013

The Irish Independent reports that AstraZeneca (NYSE:AZN, LSE:AZN) will buy biotech company Spirogen for up to $440 million to bolster its R&D in oncology.

The Irish Independent reports that AstraZeneca (NYSE:AZN, LSE:AZN) will buy biotech company Spirogen for up to $440 million to bolster its R&D in oncology.

As quoted in the market news:

Privately held Spirogen focuses on antibody-drug conjugate technology, which has the potential to directly target cancer tumours while safeguarding healthy cells, AstraZeneca said.

AstraZeneca said it would pay an initial $200m plus a further $240m if Spirogen meets development targets.

Click here for the full article in Irish Independent

 

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