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>> SHIRE PLC Latest News

MAR 05, 2015 - Yahoo! News

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AbbVie boosts cancer drug pipeline with $21 billion Pharmacyclics deal

The deal -- the latest example of a big drugmaker swooping on a biotech firm to refill its medicine pipeline -- confounds expectations that Pharmacyclics would sell out to Johnson & Johnson . AbbVie will pay $261.25 per share in cash and stock, a 13 percent premium to Pharmacyclics stock's closing price on Wednesday. AbbVie failed last October to buy ...

Tags: AbbVie boosts cancer drug pipeline with $21 billion Pharmacyclics deal,  Shire Plc Latest News

MAR 05, 2015 - Yahoo! News

A Must Read - Share

AbbVie to buy Pharmacyclics for $21 billion to boost cancer drugs pipeline

The deal gives AbbVie access to Pharmacyclics' cancer drugs portfolio, lessening the Chicago-based company's dependence on its rheumatoid arthritis drug Humira that accounts for most of its sales. The transaction follows AbbVie's failed $55 billion bid to buy Dublin-based Shire Plc last October after the United States took steps to deter tax-lowering deals. Pharmacyclics said earlier it expects sales of ...

Tags: AbbVie to buy Pharmacyclics for $21 billion to boost cancer drugs pipeline,  Shire Plc Latest News