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Actavis builds antibiotic presence with $675m+ Durata deal

This article was originally published in Scrip

Executive Summary

Antibiotic developer Durata Therapeutics saw its share price rocket by up to 75% after Actavis announced a deal to acquire the Nasdaq-listed firm. Its shares rose from Friday's close of $13.88 to upwards of $24.30 during trading on Monday.

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