GlaxoSmithKline to acquire biotechnology company 35Pharma for $950 million
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Gelonghui, February 25th | GlaxoSmithKline announced that it has agreed to acquire Canadian biotechnology company 35Pharma for $950 million in cash. This marks the second major deal reached by the company's new CEO, Luke Miels, to accelerate new drug development. 35Pharma's experimental pulmonary arterial hypertension drug HS235 will strengthen GlaxoSmithKline's future respiratory drug pipeline.
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