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Roche in $1.7bn deal for breast cancer innovator Seragon

This article was originally published in Scrip

Executive Summary

Roche's Genentech business has agreed to pay $725m up front and up to $1bn in milestone-related payments to acquire Seragon Pharmaceuticals of San Diego, California. Seragon's most advanced product is in Phase I trials, but Roche believes its technology could herald a breakthrough in cancer treatment.

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