DALLAS, Texas - BeaconEquity.com announces the publication of ‘Bristol-Myers Squibb (BMY) advances ImClone Systems Inc. (IMCL) Partnership, Proposes Acquisition’
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Bristol-Myers Squibb (BMY) advances ImClone Systems Inc. (IMCL) Partnership, Proposes Acquisition
”The first six months of the year bustled with exciting news all over life sciences, with large pharmaceuticals getting into biotech buying spree of sorts. Biotechs are enjoying the courtship of drug developers looking to fuel their own dwindling pipelines and investors with less tolerance for risk. Research studies suggest that biotechnology firms achieve a significant increase in market value after completing several partnership deals with pharmaceutical companies, emphasizing the rising importance of pharma-biotech alliances…
“Stirring a new interest in pharmaceutical-biotech alliances front, New York-based pharmaceuticals manufacturer Bristol-Myers today proposed to acquire ImClone Systems, a biopharmaceutical company dedicated to developing biologic medicines in the area of oncology…
“Commenting on the proposed takeover, Bristol-Myers Squibb's chairman and CEO James M. Cornelius said the company's proposed acquisition of ImClone represents an evolutionary development in their companies’ seven-year-long relationship, and is in the best interests of Bristol-Myers Squibb and ImClone shareholders and employees and the patients they serve together…”
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