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Shire buys Cambridge company

Shire PLC, an Irish company that has more than 1,650 employees at its Human Genetic Therapies campus in Lexington, said it has agreed to acquire Lotus Tissue Repair Inc., a small Cambridge company, for an undisclosed amount.

Shire’s HGT unit in Lexington develops therapies to treat rare diseases. Lotus Tissue Repair, for its part, is is developing a protein replacement therapy as a potential treatment for dystrophic epidermolysis bullosa, or DEB, a devastating rare disease.

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