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Go West to go East

This article was originally published in Scrip

Executive Summary

The acquisition that went West to go East. That's Astex, an acquisition announced 5 September for which Japanese pharmaceutical company Otsuka will pay $885m. But Astex's journey has been a long one, and although $885m sounds like a lot of money, it has been a long time in the accruing. Astex was a case of "start-up, work-up, sell-up". Life and the life sciences are much more complicated than that.

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