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B.C.-based biotech firm QLT Inc. merges with American firm Auxilium
VANCOUVER – Biotechnology company QLT Inc. (TSX:QLT) is merging with U.S.-based Auxilium Pharmaceuticals under a deal that will see shareholders of the Vancouver-based company owning about one quarter of the combined firm. Under the agreement, shareholders of Auxilium will receive 3.1359 QLT shares for each Auxilium share, subject to certain adjustments.
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