Cambridge Biotechnology Ltd.
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Drug maker Novartis, in a bid to expand its cancer treatment operations, has agreed to pay up to $520 million for the worldwide licensing rights to two experimental cancer treatments.
The deal with the Cambridge, England-based biotechnology company Astex Therapeutics Ltd. gives Novartis worldwide rights to Astex's investigational AT9311 drug and an option on Astex's AT7519 treatment.
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