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Biotech / Medical : Munch-a-Biotech Today -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (1019)5/11/2001 9:26:56 AM
From: Biomaven  Read Replies (2) | Respond to of 3158
 
Well no sooner had I nicely categorized all possible biotech munches, we get one that doesn't fit any of my categories, even at a stretch. <g>

This deal is quite a surprise to me. Smart move by MRK though - I've always liked what RSTA was doing and I own some. These pharma seem determined to somehow make me a shareholder. <g>

Peter



To: nigel bates who wrote (1019)5/11/2001 9:28:20 AM
From: aknahow  Respond to of 3158
 
A bite out of something else.

05-11-01 07:41:39 AM Schering-Plough up in pre-open trade on merger talk

NEW YORK, May 11 (Reuters) - Shares of drug-maker
Schering-Plough Corp. (SGP.N) were higher in pre-open trading
Friday after a published report revived talk that Merck and Co.
Inc. (MRK.N) was looking to acquire the firm.
Schering-Plough shares were at $40 on the Instinet
electronic broker system, up from a Thursday close at $37.10.
The stock hit $43 before easing.
Merck was not active.
"As a matter of policy, we would not comment on a rumor,"
said Gregory Reaves, a spokesman for Merck, when asked about
the report in Business Week magazine.
Schering-Plough officials were not immediately available
for comment.

REUTERS

Sure, not a biotech munch, but still of interest.