Alex­ion gam­bles on an ear­ly-stage drug for rare dis­eases, bag­ging Ap­ple Tree-backed Syn­tim­mune in $1.2B buy­out

Alex­ion Phar­ma­ceu­ti­cals is adding a clin­i­cal-stage as­set to the pipeline, buy­ing Syn­tim­mune for $400 mil­lion up­front with an­oth­er $800 mil­lion on the ta­ble for mile­stones …

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