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Homebiotech and pharmaceuticalsShire/Actelion rumors latest in pharma M&A frenzy

Shire/Actelion rumors latest in pharma M&A frenzy

Reports of a $18-billion bid by Shire, the specialty pharma company, for Swiss biotech firm Actelion, suggest that the European pharma deal-making flurry is far from over.

Both companies declined to comment on a report by The Sunday Times that Ireland-based Shire made an informal approach to Actelion. It seems unlikely that a deal is imminent – yet the talk was enough to send Actelion shares 7 percent higher and Shire around 2 percent lower in early trading on Monday.

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