AstraZeneca to buy Fusion Pharma for $2 billion in cash

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(Reuters) – AstraZeneca (NASDAQ:AZN) said on Tuesday it has agreed to buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals Inc for about $2 billion in cash.

The drugmaker will pay $21 per Fusion share plus a non-transferable contingent value right of $3 per share.