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Pharmaceutical Stocks In Play Following Merck/Cubist Deal

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On Monday, Merck & Co., Inc. (NYSE: MRK) announced a definitive agreement with Cubist Pharmaceuticals (NASDAQ: CBST) under which Merck will acquire Cubist for $102 per share in a transaction with a total value of roughly $9.5 billion.

Cubist was up more than 35 percent Monday morning.

Following the announcement, other pharmaceutical stocks are in play Monday:

Cempra Inc (NASDAQ: CEMP) +6.4 percent
CAS Medical Systems Inc (NASDAQ: CASM) +2.2 percent
Dynavax Technologies Corporation (NASDAQ: DVAX) +0.5 percent
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) -0.7 percent
VIVUS, Inc. (NASDAQ: VVUS)
Repros Therapeutics Inc (NASDAQ: RPRX)

 

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