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Biomedical, chemical shares get Nobel bump in Tokyo

TOKYO -- Shares in the Tokyo market with potential links to Nobel Prize wins surged Tuesday after a Japanese biologist triumphed in the medicine category a day earlier.

Yoshinori Osumi was awarded the Nobel in medicine or physiology Monday for research into the process by which cells break down and recycle proteins, known as autophagy. This work holds promise for novel disease treatments, nudging investors toward makers of materials such as drugs for research trials.

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