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AstraZeneca pays hefty price for Chinese weight-loss drug

This article only represents the author's own views.

The battle is on to develop innovative drugs to tackle a global obesity crisis, including pills to control blood sugar levels and curb hunger pangs.

Drugs giant AstraZeneca (AZN.LON) is investing heavily in becoming a major player in the weight-loss market after sealing a deal worth up to $2 billion for rights to an oral obesity drug being developed by China’s Eccogene Inc..

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