Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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From: sim1	9/2/2009 3:02:52 PM
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UPDATE 1-Dainippon Sumitomo to bid for Sepracor - Nikkei Wed Sep 2, 2009 1:53pm EDT Sept 3 (Reuters) - Japan's Dainippon Sumitomo Pharma Co Ltd (4506.T: Quote, Profile, Research, Stock Buzz) plans to launch a bid to acquire Sepracor Inc (SEPR.O: Quote, Profile, Research, Stock Buzz) for about 250 billion yen ($2.70 billion), the Nikkei business daily said. Shares of Marlborough, Massachusetts-based Sepracor jumped as much as 30 percent to $23.37 Wednesday on Nasdaq. The move is intended to boost Dainippon Sumitomo Pharma's lineup of central nervous system and other drugs, the paper said without citing sources. Sepracor officials were not immediately available for comment. Funding for the purchase will come from sources including cash on hand and loans, the Nikkei said.

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