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AstraZeneca Unit Owes $130M In Chancery Scuttled-Drug Suit

By Dorothy Atkins ( September 6, 2024, 10:08 PM EDT) -- The Delaware Chancery Court awarded $130 million to former shareholders of biopharmaceutical company Syntimmune in their breach of contract fight against AstraZeneca PLC unit Alexion Pharmaceuticals Inc., finding that Alexion failed to make promised payments after it acquired Syntimmune in 2018 and breached key terms of their merger agreement....

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