Biogen, IDEC Planning Merger To Form Biotech Powerhouse'
By Randall Osborne
Tuesday, June 24, 2003
In a planned stock-swap "merger of equals," Biogen Inc. and IDEC Pharmaceuticals Inc. said they have entered an agreement that would create a combined entity with a market cap of $13.7 billion, the third-largest biotechnology firm based on revenue, profits and research and development spending.
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