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Technology & Science

Mar. 3, 2010

MoFo Advises Astellas Pharma

Morrison & Foerster is advising Tokyo-based Astellas Pharma in a contentious bid to acquire New York-based OSI Pharmaceuticals in a deal valued at $3.5 billion.

By Pat Broderick

Daily Journal Staff Writer

Morrison & Foerster is advising Tokyo-based Astellas Pharma in a contentious bid to acquire New York-based OSI Pharmaceuticals in a deal valued at $3.5 billion.

But OSI, a biotech company, focused on the development and marketing of drugs to treat cancer, diabetes and obesity, isn't jumping at the all-cash offer.

According to a press release issued Monday, OSI be...

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