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Is it Lilly? ImClone Stays Mum on Mystery Big Pharma Bidder

By Jennifer Boggs

Friday, October 3, 2008
With two blockbuster products set to lose patent protection in the next two to three years, Eli Lilly and Co. certainly seems like a firm that would be willing to pay $70 per share - about $6.1 billion - to acquire ImClone Systems Inc., though the big pharma firm has neither confirmed nor denied that it is the unnamed bidder that topped Bristol-Myers Squibb Co.'s offer earlier this year. (BioWorld Today)

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