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Pfizer will end research into treatments for Alzheimer's and Parkinson's disease, resulting in the elimination of 300 positions at the company's Massachusetts facilities in Andover and Cambridge, and its Connecticut facility in Groton, reports The Wall Street Journal.

U.S. biopharmaceutical firm Celgene will acquire Impact Biomedicines, a San Diego-based startup focusing on developing treatments for complex cancers, for up to $7 billion, according to Reuters.

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