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Bristol-Myers Squibb To Acquire Rival Cancer Treatment Company

Bristol-Myers Squibb’s acquisition of Celgene will unite two drugmakers battling for advantage in a crowded market for innovative cancer treatments, according to the Los Angeles Times. Bristol makes an immunotherapy drug called Opdivo that accounts for roughly a quarter of its sales but that has trailed a rival medication from Merck. Celgene has been looking for a follow-up for its blockbuster blood-cancer therapy Revlimid.

Read the whole story at Los Angeles Times »

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