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Ipsen Eyes Opportunity In Rare Liver Diseases With Albireo Buy

Stumping Up Over $950m Upfront

Executive Summary

The French firm is paying a 104% premium plus contingent value rights of an additional $10 per share to get hold of AstraZeneca spin-off Albireo and its lead asset Bylvay, which is approved for progressive familial intrahepatic cholestasis and is showing promise in two other more lucrative indications.

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