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Dechra In £139M Drug Developer Swoop

 

Dechra Pharmaceuticals has acquired a drug developer for $200m (£139m), part-funded by a £47.1m share issue, in a deal that significantly strengthens its position in the US.

The Northwich-headquartered veterinary pharmaceutical business has announced the conditional acquisition of Putney, a Maine-based developer of generic companion animal pharmaceuticals. The £139m consideration is payable in cash on completion. Read More