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GSK to acquire Cellzome

May 15, 2012 11:57 PM UTC

GlaxoSmithKline plc (LSE:GSK; NYSE:GSK) will acquire the 80.02% of proteomics company Cellzome AG (Heidelberg, Germany) it does not already own for L61 million ($98 million) in cash. GSK said Cellzome's proteomic mass spectrometry and screening capabilities will allow the pharma to reduce compound attrition during development. ...