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AstraZeneca to pay $1.26 billion for Ardea and its gout product

This article was originally published in Scrip

Executive Summary

AstraZeneca is to acquire Ardea Biosciences, the Nasdaq-listed San Diego firm with the Phase III gout candidate lesinurad (RDEA594). It is to pay $1.26 billion (or $1 billion net of existing cash). The $32 per share agreed offer represents a premium of 54% on Ardea's closing price on 20 April, and of 50% over its one-month volume-weighted average price.


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