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Serious business of cancer drives Pharma M&A spree

2019 is only a week old but, in the pharmaceutical sector, there have already been two big deals.
Eli Lilly, the US drugs giant famous for creating the anti-depressant Prozac, today announced it was buying Loxo Oncology, a company that is barely five years old, for $8bn.
The takeover comes days after US-based Bristol-Myers Squibb said it was buying biotech firm Celgene for $74bn.
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