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US healthcare group buys stake in Irish drug company
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Radio New Zealand
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July 04, 2009
Johnson & Johnson is buying a stake in an Irish company developing drugs to treat Alzheimer's disease. The healthcare group is to pay $US1 billion for 18.4% of Elan Corp plc. It will buy rights to most of the company's portfolio of experimental drugs. Shares in Elan rose 8.6% on Thursday to close at...
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