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Executive Summary

The announcements this week of the acquisitions of Cambridge UK-based Astex Therapeutics by SuperGen, and Inspire Pharmaceuticals by Merck might be heralded as the long-awaited thaw in the sector, another symptom of which has been the lack of initial public offerings. Both transactions however, together with the US IPO of Tranzyme however, more closely represent a continuation of the distinctly chilly backdrop for the life science space.

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