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UPDATE 1-U.S. drug developer Raptor Pharmaceuticals explores sale -sources

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April 6 (Reuters) - Raptor Pharmaceutical Corp, a U.S. company that develops drugs to treat orphan diseases, is reaching out to investment banks for a financial adviser to explore a sale of itself, according to people familiar with the matter.

The pharmaceutical industry is taking a greater interest in so-called orphan drugs because their strong patent protection helps ensure...