Eli Lilly Picks Up ImClone For $6.5B

By Julie Zeveloff · October 6, 2008, 12:00 AM EDT

Eli Lilly and Co. will purchase biotechnology company ImClone Systems Inc. in an all-cash deal valued at around $6.5 billion, giving Lilly access to ImClone's blockbuster cancer treatment Erbitux and a...

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