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AbbVie ending partnership with Calico Life Sciences, STAT reports

AbbVie (ABBV) is ending its partnership with Alphabet (GOOG) (GOOGL)-funded biotech company Calico Life Sciences after a decade, STAT’s Damian Garde reports. The moves, under which AbbVie will lay off chemists working on discovering new drugs, were detailed in internal emails sent Tuesday and viewed by STAT.

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