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Health

Merck to buy $1 billion equity stake in Seattle Genetics

(Reuters) - Merck & Co Inc said on Monday it would buy $1 billion worth of equity stake in Seattle Genetics’s common stock.

The companies also said they would co-develop and sell Seattle Genetics's cancer therapy, ladiratuzumab vedotin. ( reut.rs/3bWTEvS)

Reporting by Trisha Roy in Bengaluru; Editing by Rashmi Aich

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