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Ventura County Based Biotech Giant Buys Turkish Pharmaceutical Company

Posted on Wednesday, April 25, 2012 8:30pm

A Ventura County biotech giant has announced the purchase of a Turkish pharmaceutical company.

Thousand Oaks based Amgen bought Mustafa Nevza Pharmaceuticals. Both companies have already approved the $700 million dollar deal. The Turkish company has about $200 million dollars in drug sales annually.

The deal is expected to greatly enhance Amgen’s presence in the region.

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