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October 2, 2008 · 4:04AM

Eli Lilly In Talks To Buy ImClone

Eli Lilly is in advanced talks to buy ImClone Systems for $70 a share, topping the sweetened $62 per share offer from Bristol-Myers Squibb. The deal would value ImClone, which makes the cancer drug Erbitux, at about $6.1 billion. (WSJ Health Blog)

Categories: Biotech, Pharma · Business & Finance Today

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