Monday, June 4, 2007

UPDATE 1-Amgen to buy kidney disease drug co. for $420 mln

(Reuters) - Directors from each company and shareholders of Ilypsa have
approved the proposed acquisition. The deal should close by the
third quarter of 2007, the companies said.




Santa Clara, California-based Ilypsa's lead experimental
drug candidate is ILY101, which is designed to treat
hyperphosphatemia in chronic kidney disease in patients on
hemodialysis.


Read more at Reuters.com Mergers News

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