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Deals And M&A NEWS

Piper Jaffray analyst Christopher Raymond called Sanofi SA’s takeover of Bioverativ Inc. for $11.6 billion “just what the doctor ordered” and a positive signal for the sector overall.

SHANGHAI – Beigene Ltd. nabbed the Asia-Pacific rights to sitravatinib from Mirati Therapeutics Inc. in a $10 million cash deal, valued at $123 million when additional milestones roll in.

Foundation Medicine Inc. has struck up a partnership with Pfizer Inc. to develop and eventually market companion diagnostics (Cdx) for its comprehensive genomic profiling (CGP) assay, Foundationone Cdx. FDA-approved Foundationone Cdx provides genomic profiles and incorporates additional diagnostic information on solid tumors.

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