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Allergan to Buy Vitae Pharmaceuticals for $639 Million

Allergan to Buy Vitae Pharmaceuticals for $639 Million

Source: Allergan PLC agreed to acquire clinical-stage biotechnology company Vitae Pharmaceuticals Inc. for $639 million, more than double its market value, in a move aimed at strengthening the drugmaker’s skin-care pipeline. The price values Vitae at $21 a...