Replies to post #70896 on Biotech Values

[mcbio]

Re: Indevus/Endo Merger

I had Indevus on my watch list and was thinking of adding it at some point later this year if I were in a position to sell any current holdings. I thought it looked good with a possible Nebido approval later in 2009.

[DewDiligence]

ENDP acquires AMMD for $30/sh in cash:

http://finance.yahoo.com/news/Endo-Announces-Agreement-to-prnews-2040052720.html?x=0&.v=1

The deal value is $2.9B (including assumption of debt); the buyout price is a 34% premium to Friday’s closing price.