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December 2nd, 2005
How High Is SkyePharma?
Jack Uldrich: Shares of SkyePharma (Nasdaq: SKYE) were up by more than 12% yesterday on rumors, reported in The Wall Street Journal, that a number of big pharmaceutical companies, including AstraZeneca (NYSE: AZN), Novartis (NYSE: NVS), and Income Investor pick Merck (NYSE: MRK), are all thinking about purchasing the London-based drug maker. This development is significant for two reasons.
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