AstraZeneca sells £2.7bn block to fund cancer drug deal

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AstraZeneca sells £2.7bn block to fund cancer drug deal

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CX4JEG AstraZeneca, head office in Mississauga, Ontario, Canada | Alamy Stock Photo

Pharmaceutical giant AstraZeneca has entered into a collaboration agreement with Japanese pharmaceutical company Daiichi Sankyo to develop a new antibody-drug conjugate which it is hoped will revolutionise cancer treatment. The deal is being funded through an equity capital raise.

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