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published 4 months, 2 days ago, submitted by maria 4 months, 3 days ago

nytimes.com — The pharmaceutical company, Pfizer, said Wednesday that it was acquiring the rights to a promising experimental drug for Alzheimer’s disease from Medivation for as much as $725 million. Pfizer, which is seeking to bolster its pipeline of experimental drugs, will pay an initial $225 million for rights to the medicine, Dimebon, which is also being developed for Huntington’s disease, the companies said on Wednesday.

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