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6:03 PM
Apr 20, 2009
 |  BC Extra  |  Top Story

GSK to acquire Stiefel

GlaxoSmithKline plc (LSE:GSK; NYSE:GSK) will acquire dermatology company Stiefel Laboratories Inc. (Coral Gables, Fla.) for $2.9 billion in cash. Stiefel shareholders are eligible to receive up to $300 million in milestones, and GSK also expects to assume $400...

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