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Cloud Lifted on Angina Drug
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Japanese drug company Astellas makes a $1.1 billion hostile tender offer for California based CV Therapeutics. CV Therapeutics makes an angina drug that recently received FDA approval to isgnificantly ease safety warnings that have been placed on the drug. Astellas is the second Japanese company looking to bolster its drug product line by making an overseas acquisition. Takeda Pharmaceutical acquired Millenium Pharmaceutical for $8.8 billion in 2008.
Acquisitions and acquisition strategies of pharmaceutical companies.
02/09/2006
As growth slows pharmaceutical companies look to acquisitions for growth and new drugs.
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