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Mergers & Acquisitions

Jul. 8, 2003

Pharmaceutical Firms Will Join Forces

In another massive biotechnology deal, Biogen Inc. and Idec Pharmaceuticals Corp. have agreed to merge in a multibillion-dollar stock swap.

By Toni Vranjes
        In another massive biotechnology deal, Biogen Inc. and Idec Pharmaceuticals Corp. have agreed to merge in a multibillion-dollar stock swap.
        The deal was valued at $6.4 billion when it was announced in June, making it the largest biotech deal since the $17.7 billion merger of Amgen Inc. and Immunex Corp. that closed ...

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