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Second Acquisition This Month

GSK Buying Praecis For $55M, Gaining Cancer Drug, PPI-2458

By Jennifer Boggs


Friday, December 22, 2006
Continuing a late-year spending spree for biotech, GlaxoSmithKline plc is acquiring Praecis Pharmaceuticals Inc. in a cash deal valued at about $54.8 million. (BioWorld Today)

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