AstraZeneca to buy oncology firm TeneoTwo for up to $1.27 billion

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(Reuters) – AstraZeneca (NASDAQ:AZN) said on Tuesday it will acquire oncology firm TeneoTwo Inc in a deal worth up to $1.27 billion, including the company’s initial stage T-cell engager.

The London-listed drugmaker plans to buy all outstanding equity of TeneoTwo for upfront payment of $100 million on deal close.