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Monday, August 26, 2019

Alexion down on diminished hopes for Amgen deal

Alexion Pharmaceuticals (NASDAQ:ALXN) slips 4% premarket on modest volume in apparent reaction to Amgen’s announced $13.4B acquisition of Celgene’s Otezla. Investors perceive that the deal dampens hopes for a merger with the Thousand Oaks, CA-based biotech speculated by Intereconomy.com last week.

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