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Takeda to acquire Shire for $62B

Takeda Pharmaceutical of Japan has agreed to purchase biotech firm Shire for $62 billion. The companies had made a preliminary deal for $64 billion in late April, based on a stronger exchange rate for the pound at that time. The acquisition will boost Takeda's product development pipeline in the rare diseases, blood-derived therapies, oncology, gastroenterology and neuroscience sectors.

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