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Tuesday, 03/24/2015 7:23:33 AM

Tuesday, March 24, 2015 7:23:33 AM

Post# of 251948
FT

Pharmacyclics chief wins $3.6bn from takeover That is a seventy-fold plus return for Robert Duggan, who amassed his stake in 2009 when the share price was languishing at $1. AbbVie dug deep to outbid four rival suitors for the Californian group, stoking fears that big pharma is overpaying for biotech groups. (FT)

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