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Biogen Idec goes into buy mode

Hope they don't forget the people that got them where they are today, us Avonex users:

Over the next two years, Biogen Idec will spend a good part of its $1.5 billion cash reserve to fill its pipeline of drug candidates. Mullen said the buying binge will, in large part, determine the success of the $6.4 billion merger, which created the country's third-largest biotech company.

Read it here.

December 1, 2003 in avonex, economy, follow the money..., stocks | Permalink