Wyeth to buy Scot spin-out Haptogen
US health care major Wyeth has signed a definitive deal to acquire the award-winning Scottish biotechnology company Haptogen, which was founded in 2002 as a spin-out from the University of Aberdeen. Financial details of the transaction were not revealed.
Based in Aberdeen, the firm is focused on the discovery of biopharmaceutical therapies and is expected to "significantly increase Wyeth's already robust biotechnology drug discovery capabilities," says the US drugmaker.
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