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Danish biotech to buy struggling American oncology company

Danish drugmaker Pharmacosmos has agreed to acquire American pharmaceutical company G1 Therapeutics in a deal that amounts to 405 million dollars.
The acquisition takes place two months after G1 Therapeutics' lung cancer drug Cosela failed in a phase III trial, where the drug was tested as a treatment against breast cancer. The negative news led to cutbacks and a stock market backlash for the company, which was also forced to reduce its workforce by 30 percent the year before after negative s...
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