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		</div><p>Pharmaceutical giant AstraZeneca is to buy US drug developer Alexion in a deal worth almost £30 billion.</p>
<p>Cambridge-based AstraZeneca, which is developing a Covid-19 vaccine, said on Saturday it is using a combination of cash and shares for the acquisition of Boston-based Alexion Pharmaceuticals.</p>
<p>The boards of both companies have unanimously approved the transaction, but it still needs regulatory and shareholder approval.</p>
<p>The deal is expected to close in the third quarter of 2021.</p>
<p>AstraZeneca chief executive Pascal Soriot said: “This acquisition allows us to enhance our presence in immunology.”</p>
<p>The company and Oxford University have jointly developed a coronavirus vaccine that British and Canadian regulators are assessing.</p>
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