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Merck committed to Cubist after patent losses

2014-12-09 19:25:55| Biotech - Topix.net

Merck remains committed to its $8.4 billion acquisition of Cubist Pharmaceuticals even though a federal court invalidated most of the patents protecting the company's top-selling antibiotic just hours after that deal was announced Monday. Shares of both companies tumbled Tuesday morning in the first day of trading after Cubist said a federal court invalidated four patents protecting Cubicin.

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Category:Biotechnology and Pharmaceuticals

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