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Astra Zeneca making multi billion business in the USA

Monday, 23 April 2012
AstraZeneca acquires US-based Ardea Biosciences for $32 per share, making the purchase price amounts to about 1.26 billion U.S. dollars including existing cash.

Astra Zeneca, with CEO David Brennan, acquires US-based Ardea Biosciences for $ 32 per share, making the purchase price amounts to approximately 1.26 billion dollars - equivalent to Skr8.4 billion - including existing cash according to a press release.

Ardea is a biotechnology company in San Diego that focuses on developing small molecule drugs. Ardeas clinically most advanced product candidate, lesinurad (formerly known as RDEA594), is currently in Phase 3 as a potential treatment for chronic management of hyperuricemia in patients with gout.

The purchase price of approximately 1.26 billion dollars, including existing cash, representing a premium of 50 percent based on the volume weighted average price for one month and 54 percent based on the closing price on Friday, 20 April 2012.
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