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Roche Strikes Deal to Buy Drug Developer Carmot Therapeutics for $2.7 Bln

Roche goals to purchase Carmot Therapeutics, a California-based pharmaceutical agency creating medicine to deal with weight problems and diabetes.

The Swiss pharmaceutical firm mentioned it has entered an settlement to purchase the non-public firm for $2.7 billion with further funds of up to $400 million primarily based on drug-development milestones.

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