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Merck Goes Shopping

Merck Buying GlycoFi For $400M, Abmaxis For $80M

By Karen Pihl-Carey

Wednesday, May 10, 2006
Merck & Co. Inc. set in motion two definitive agreements to acquire privately held biotechnology companies GlycoFi Inc. and Abmaxis Inc., and $400 million for $80 million, respectively, and would pay cash for both. (BioWorld Today)

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