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Diabetes deal sweet for BMS; $2.7B in Astrazeneca JV exit

By Randy Osborne
Staff Writer

Thursday, December 19, 2013
The ongoing effort by Bristol-Myers Squibb Co. (BMS) to become a specialty biopharma firm led to its $2.7 billion split from the joint venture for Type II diabetes with Astrazeneca plc, leaving investors in both firms to sort through details.

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