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Afraxis, Genentech Sign PAKt; Up to $187M for 'Novel Target

By Randy Osborne
Staff Writer

Monday, January 28, 2013
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Less than a month after BioMarin Pharmaceutical Inc. acquired Zacharon Pharmaceuticals Inc. for $10 million up front plus potential milestone payments, Avalon Ventures has scored another win in Afraxis Inc.'s potential $187.5 million licensing deal with Genentech, a member of the Roche Group.

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