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Sirtex Medical confident on Chinese deal closure

Carrie LaFrenz
Carrie LaFrenzSenior reporter
Updated

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Sirtex Medical chief executive Andrew McLean is confident the $1.9 billion takeover deal penned with China's CDH Investments will not hit any regulatory hurdles in the US despite the ramped-up power of agencies under President Donald Trump's America First campaign.

Clinching the deal would be a win for patient shareholders, who have watched Sirtex hit a peak market value of $2.3 billion in December 2015 before it tumbled to just $800 million on concerns about the efficacy of its innovative radioactive devices used to treat liver cancer. Prior to the Varian bid in January, the company was valued at about $1 billion.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/sirtex-medical-confident-on-chinese-deal-closure-20180615-h11fts