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Genelabs' Shares Soar 430% on $57M GSK Buyout Bid

By Donna Young

Friday, October 31, 2008
GlaxoSmithKline plc made a bid to buy Redwood City, Calif.-based Genelabs Technologies Inc. for $1.30 per share, or about $57 million, in cash in a deal aimed at strengthening the London-based drug giant's product platform for hepatitis C virus (HCV) therapies. (BioWorld Today)

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