AstraZeneca snaps up radiopharma partner for $2B upfront
AstraZeneca is betting $2 billion upfront to buy Fusion Pharmaceuticals, joining a land grab in the burgeoning radiopharmaceuticals space.
The deal, which also includes up to $400 million in contingent value rights, underscores AstraZeneca’s ambition of “replacing traditional regimens like chemotherapy and radiotherapy with more targeted treatments” for cancer, the British drugmaker wrote in a statement. It first teamed up with Fusion more than three years ago to develop next-generation alpha-emitting radiopharmaceuticals and combination therapies.
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