LONDON: AstraZeneca is to buy US respiratory drug specialist Pearl Therapeutics for up to US$1.15bil as Britain’s second biggest drugmaker steps up a drive to rebuild its product pipeline via dealmaking.
The acquisition of the privately held company secures AstraZeneca a position in the emerging market for a new class of lung treatments known as LABA/LAMA drugs that promise improved patient compliance and disease control, without steroids.
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