BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

Amylin Pharmaceuticals, Inc. (AMLN) Explores Sale, Hires Bankers: Sources; Is AstraZeneca PLC (AZN) Interested?


4/23/2012 6:49:37 AM

Amylin Pharmaceuticals Inc (NSQ:AMLN - News), which spurned a $3.5 billion takeover bid from Bristol-Myers Squibb Co (NYS:BMY - News) and is fending off a lawsuit from activist investor Carl Icahn, started reaching out to potential buyers last week, sources familiar with the situation said on Sunday. Amylin, maker of diabetes drugs Byetta and Bydureon, has hired Credit Suisse (VTX:CSGN.VX - News) and Goldman Sachs (NYS:GS - News) as its financial advisers and Skadden Arps as its legal adviser, the sources said. Amylin and its advisers declined to comment.

Reuters Update: Analysts have speculated that Amylin could be attractive to AstraZeneca, given the two companies' shared interest in diabetes.

"I wouldn't comment on specific companies but we look at everything," AstraZeneca research head Martin Mackay said on Monday, when asked about U.S.-based Amylin in a telephone interview.


Read at Reuters
Read at Bloomberg
Read at New York Times
Read at RTT News
Read at Reuters

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->