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Precision Medicine Group secures major investment from Blackstone

Bethesda-based Precision Medicine Group (PMG) and Blackstone (NYSE: BX) Friday announced that PMG, a provider of drug development and commercialization services, has completed a major investment and recapitalization led by funds managed by Blackstone. Terms of the transaction were not disclosed. The investment includes significant participation from Precision’s co-founders, Ethan Leder and Mark Clein, as well as ...

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