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Ligand to acquire Metabasis
28 October 2009
Christopher Spillane

Ligand Pharmaceuticals has stepped in to salvage what is left of Metabasis Therapeutics by agreeing to acquire the beleaguered firm for $3.2 million in cash. Both companies' boards of directors have unanimously approved the deal.

Ligand said it would commit at least $8 million in R&D funding...



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