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During 2Q16, $PDCO's consolidated operating margin excluding the Animal Health International acquisition averaged 8.1%, a 40 BPs improvement over the prior year. This improvement was led by gross margin expansion of 120 BPs, reflecting solid margin expansion within both of its business segments.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.