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Shire Buys Advanced BioHealing for $750 Million

16:38 EDT 17 May 2011 |

Irish drug giant Shire (NASDAQ: SHPGY) is making a big push into regenerative medicine by shelling out $750 million in cash for Advanced BioHealing, according to a press release. Advanced BioHealing–which is based in Westport, CT, and has manufacturing and lab space in La Jolla, CA—makes Duragraft, a bio-engineered skin substitute used to treat diabetic foot [...]

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