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On Jan. 8, 2016, $MYL entered into an agreement with Momenta Pharmaceuticals to develop, manufacture & commercialize up to 6 of Momenta's current biosimilar candidates. $MYL paid an up-front cash payment of $45MM to Momenta. The company & Momenta will jointly be responsible for product development and will equally share product costs and profits.
$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.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?