A second major pharma-biotech merger plan has landed in the space of a few days, following on from the proposed $74bn acquisition of Celgene Corp. by Bristol-Myers Squibb Co., with Eli Lilly & Co. agreeing to pay $8bn to buy the closely watched tumor agnostic specialist Loxo Oncology Inc.
Lift-Off For Lilly In Cancer Genetics With Loxo Buy
The New Year is just a week old but the biopharma merger and acquisitions merry-go-round is already spinning furiously as Lilly now steps in with a proposal to buy Loxo.
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