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'Buy American'

Daiichi Sankyo Bolsters Pipe with $935M Plexxikon Buy

By Tom Wall

Wednesday, March 2, 2011
In the latest acquisition of a U.S. biotech with promising oncology offerings by a Japanese company, Daiichi Sankyo Co. Ltd., of Tokyo, bought Plexxikon Inc., of Berkeley, Calif., and its promising melanoma drug PLX4032, for $805 million up front and near-term milestones of $130 million linked to approval of PLX4032.

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