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Takeda, Amylin to co-develop obesity drugs

Sun Nov 1, 2009 6:50pm EST

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TOKYO, Nov 2 (Reuters) - Japan's Takeda Pharmaceutical (4502.T) and U.S. Amylin Pharmaceuticals (AMLN.O) said on Monday they have agreed to co-develop drugs to treat obesity.

Amylin will receive a one-time up-front payment of $75 million from Takeda, the companies said in a joint statement. (Reporting by Taiga Uranaka)



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