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Nektar sells Cimzia and Mircera royalties for $124m to pay down debt

This article was originally published in Scrip

Executive Summary

Nektar Therapeutics raised $124 million by selling its royalties from UCB Pharma's Cimzia and Roche’s Mircera to Royalty Pharma. It will use the money to pay down part of its outstanding $215 million debt.

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