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Bristol-Myers Squibb and AstraZeneca are joining forces to buy U.S. biotech group Amylin for a total of $7 billion. While Amylin's injectable hormone treatments for type two diabetes are a hot property to drug companies with falling sales, a 95% premium to its prebid share price still looks a sting for BMS and AstraZeneca investors.
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Bristol-Myers Squibb's agreement to acquire diabetes-drug maker Amylin Pharmaceuticals for $5.3 billion gives Bristol more heft in a fast-growing market, but the New York-based pharmaceutical company still faces larger rivals with dominant products.
A new front opened in efforts to reshape how the government implements Obama's health-care overhaul. Employers, insurers, hospitals, drug makers and others are angling for an advantage.
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GlaxoSmithKline kept up the pressure on Human Genome Sciences by extending its offer for the U.S. biotech company to July 20, four days after the target company's deadline for finding alternative suitors.
Ray Kurzweil discussed advances in artificial intelligence and nanotechnology, and what it will mean to be human after the year 2029.
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