SOURCE: Industrial Info Resources

Industrial Info Resources

May 24, 2010 05:10 ET

Another Big Wedding for Pharma: Astellas Invests $4 Billion in OSI Pharmaceuticals Dowry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 24, 2010) -  Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Spring is in the air and the Pharmaceutical-Biotech Industry is celebrating its first major marriage of the season -- that is, a merger and acquisition, for those less metaphorically inclined. After a rocky courtship lasting several months, one filled with possible threats and rival suitors, Japan's Astellas Pharmaceuticals Incorporated (TYO: 4503) (Tokyo) found $4 billion to be the magic number to win OSI Pharmaceuticals (NASDAQ:OSIP) (Melville, New York).

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