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Shire to buy FerroKin for up to $325m bringing in iron chelator candidate

This article was originally published in Scrip

Executive Summary

Shire is buying privately-held US biotech company FerroKin BioSciences for $100 million up front and $225 million in milestones as a "strategic step in building its haematology business". FerroKin brings a "differentiated" development candidate to Shire's portfolio, the Phase II-stage iron chelator FBS0701, it added.

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