Pharma giant GSK just made a $5.1 billion bet on a cancer drugmaker (GSK, TSRO)

Reuters via handout

• GlaxoSmithKline just agreed to acquire the cancer drugmaker Tesaro for $ 5.1 billion in a bid to bulk up its cancer pipeline. 
• Tesaro makes a drug called Zejula, which is used to treat ovarian cancer. 
• GSK has been working to refresh its research-and-development strategy — in July it made a $ 300 million investment in the consumer-genetics company 23andMe. 

GlaxoSmithKline is getting deeper into cancer drug development. 

On Monday, the UK-based pharma giant said it had agreed to acquire Tesaro, a cancer drugmaker with a treatment for ovarian cancer, for $ 5.1 billion. See the rest of the story at Business Insider

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