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Monday, May 14, 2018

Lilly to buy cancer drug developer AurKa Pharma

Drugmaker Eli Lilly and Co said on Monday it would buy AurKa Pharma Inc to get access to the privately-held company’s experimental cancer treatment for solid tumors.
AurKa Pharma shareholders will get an upfront payment of $110 million and will be eligible to receive up to $465 million in regulatory and sales milestones, Eli Lilly said in a statement.

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