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Merck to buy Cubist Pharmaceuticals for $9.5 billion

2014-12-08 14:13:42| Biotech - Topix.net

Drug giant Merck said it will buy Cubist and a slate of medicines administered in the hospital setting, many for bacterial infections, for about $9.5 billion, for $102 a share in cash. The deal represents a 35 percent premium to Cubist's average stock price in the last five trading days, Merck said in a statement on Monday.

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Category:Biotechnology and Pharmaceuticals

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