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AstraZeneca buys ZS Pharma for $2.7 billion, pips Actelion


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A sign is seen at an AstraZeneca site in Macclesfield, central England May 19, 2014. REUTERS/Phil Noble

LONDON (Reuters) - Britain's AstraZeneca (AZN.L) said on Friday it had agreed to buy U.S biotech company ZS Pharma (ZSPH.O) for $2.7 billion, pipping Swiss firm Actelion (ATLN.VX) to the prize in the latest bout of deal-making for the hyperactive healthcare sector.

AstraZeneca, which on Thursday lifted its full-year earnings forecast despite the eroding sales of some of its top-selling medicines, said it...