Onyx Pharmaceuticals, Inc. Potential Sale Involves Multiple Parties, Amgen Not a Sure Thing

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Onyx Pharmaceuticals Inc. (ONXX), the biotechnology company said to have rebuffed an initial takeover bid from Amgen Inc. (AMGN), is involved with several potential purchasers, Chief Executive Officer N. Anthony Coles said. “The process is ongoing with multiple parties currently engaged in discussions,” Coles said yesterday during a conference call after the company released second-quarter earnings. He said the South San Francisco, California-based company wouldn’t comment further.

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