AstraZeneca pays $1bn for biotech that may 'transform cell therapy'
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AstraZeneca has agreed to acquire EsoBiotec, a Belgian biotech company, for up to $1 billion. The acquisition aims to enhance AstraZeneca's capabilities in cell therapy, with an initial payment of $425 million and additional payments based on milestones.
March 17, 2025 | 7:45 am
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AstraZeneca is acquiring EsoBiotec for up to $1 billion to enhance its cell therapy capabilities. The deal includes an initial payment of $425 million and further payments based on milestones.
The acquisition of EsoBiotec is a strategic move by AstraZeneca to strengthen its position in the cell therapy market. The initial payment and potential milestone payments indicate a significant investment, likely to positively impact AstraZeneca's stock in the short term as it expands its product offerings.
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