AstraZeneca (AZN) has released an update.
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AstraZeneca has completed its acquisition of Fusion Pharmaceuticals, enhancing its oncology portfolio with innovative radioconjugates (RCs) and strengthening its influence in Canada. The deal, valued at roughly $2.4 billion, includes an upfront cash payment and potential future payments tied to regulatory milestones. With Fusion now a wholly owned subsidiary, AstraZeneca bolsters its position in the fight against cancer, including promising treatments like FPI-2265 for metastatic castration-resistant prostate cancer.
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