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JUL 18, 2013 - Yahoo! News

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Exclusive: Pfizer not moving forward with Onyx bid: sources

By Soyoung Kim NEW YORK (Reuters) - Pfizer Inc decided not to pursue a bid for Onyx Pharmaceuticals Inc this week, according to two people familiar with the matter, leaving Amgen Inc in the front position to buy the cancer drugmaker. Shares of Onyx closed down 3.3 percent at $128.55 on Thursday, their lowest level since it announced a sale process on June 30 and valuing the South San Francisco, California-based company at around $9.3 billion. ...

Tags: Exclusive: Pfizer not moving forward with Onyx bid: sources,  Amgen Latest News