Sweden's SOBI to buy Arthrosi Therapeutics for $1.5 billion
Dec 13 (Reuters) - Drugmaker Swedish Orphan Biovitrum SOBIV.ST said on Saturday it had entered into an agreement to acquire biotechnology company Arthrosi Therapeutics for $1.5 billion. Sobi will pay $950 million upfront in cash to acquire Arthrosi, and $550 million in cash in clinical, regulatory and sales milestones. (Reporting by Gnaneshwar Rajan in Bengaluru, Editing by Timothy Heritage) ((Gnaneshwar.Rajan@thomsonreuters.com;))
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