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Abbott pays $170 million for PanGenetics' anti-NGF antibody

This article was originally published in Scrip

Executive Summary

Abbott will pay $170 million up front to acquire a Phase I nerve growth factor (NGF) antibody from the Dutch antibody company PanGenetics. The deal, which is expected to close by the end of this year, also allows for a further $20 million in future milestone payments to PanGenetics.

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