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Thousand Oaks Based Biotech Giant Acquires Leukemia Drug Maker

Posted on Thursday, January 26, 2012 2:01pm

A Thousand Oaks based biotech giant has made a major acquisition, purchasing a company which owns a promising new drug to treat leukemia.

Amgen is paying $1.2 billion dollars to buy Micromet.  It’s an experimental leukemia drug, and if it’s approved for use, would give the Ventura County based company a major new addition to its already strong drug lineup.  Amgen is paying $11 a share to buy the Maryland-based company.

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