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GSK to acquire celiac therapy developer Sitari Pharmaceuticals

GlaxoSmithKline announced it is set to acquire preclinical-stage biotech firm Sitari Pharmaceuticals, although no financial details of the takeover were disclosed. Sitari was founded in 2013 by GSK and Avalon Ventures and its lead candidate is a TG2 inhibitor designed to treat celiac disease, an autoimmune digestive disorder.

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