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Shire strikes $6.5 bn deal for US biotech firm Dyax Corp
2015-11-04 02:33:35| Biotech - Topix.net
Dublin-based drug maker Shire said it has struck an all-cash $6.5 billion deal for US biotech Dyax Corp., even as it chases a $30 billion deal for rare-disease rival Baxalta Inc. Dyax shareholders will receive an additional $4 a share if certain performance targets are met, which would increase the overall value of the deal by $646 million. Based in Burlington, Massachusetts, Dyax has specialized in the development of treatments for HAE, a rare genetic disease that can be life-threatening.
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Category:Biotechnology and Pharmaceuticals