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May 22, 2014
08:32 EDTSRPTSarepta announces acquisition of Massachusetts manufacturing facillity
Sarepta Therapeutics announced an agreement to acquire a multifunctional manufacturing facility on 26 acres of land in Massachusetts. Sarepta intends to use the facility to manufacture investigational exon skipping therapies for Duchenne muscular dystrophy. The transaction comprises approximately $25M in acquisition costs and planned enhancements, and is expected to close in July subject to conditions and extensions in the agreement.
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