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flag Pharming Group offers $66.1M to acquire Swedish biotech Abliva, expanding its rare disease portfolio.

flag Pharming Group N.V., a Dutch pharmaceutical company, has offered to buy all shares of Swedish biotech firm Abliva AB for about $66.1 million. flag Abliva develops treatments for mitochondrial diseases, with its main product, KL1333, in a critical trial. flag Pharming plans to finance the acquisition with existing funds and expects the deal to boost its late-stage pipeline and support its goal of becoming a leading rare disease company.

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