Elan Corp. Shares Jump on US Drug OK
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Shares in Elan, Ireland&#39;s major pharmaceutical company, jumped nearly 3 percent Wednesday after American authorities approved a new drug engineered to help sufferers of multiple sclerosis.
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Shares of SuperGen Inc. SUPG.O  jumped more than 24 percent in trading before the market opened  on Wednesday after MGI Pharma Inc. MOGN.O said it would take  a $40 million stake in the company as part of a cancer drug  license deal.
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U.S. stocks rose on Wednesday, a day  after the blue-chip Dow hit a 3-1/2 year high, as oil prices  tumbled more than a dollar and battered-down drug stock Pfizer  Inc PFE.N rose nearly 4 percent.
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U.S. stocks rose on Monday as software  company Siebel Systems Inc. SEBL.O boosted technology shares  with a better-than-expected sales outlook and Friday's  start-of-quarter buying spree ran into the new week.
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European shares edged higher at Monday&#39;s opening led by Germany&#39;s Bayer on news of an alliance with US healthcare giant Schering-Plough.
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Shares of Dow Chemical Co.  on Monday soared 8 percent a day after a report in the U.K.-based tabloid Sunday Express newspaper said the company could be a target of a leveraged buyout.
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U.S. stocks rose Monday on strong Merck & Co. profits and news of a nearly $18 billion oil services takeover, while Treasury bonds eased as reduced fears about the subprime credit market made riskier assets attractive again.
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Shares of Genentech Inc. DNA.N, OSI  Pharmaceuticals Inc. OSIP.O and ImClone Systems Inc. IMCL.O  surged before the bell on Friday after rival AstraZeneca Plc  AZN.L said its lung cancer drug Iressa failed to show  survival benefits in a major clinical study.
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Shares of stun gun maker Taser International Inc. (TASR.O: Quote, Profile, Research) soared on Wednesday after the United Kingdom, which does
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U.S. stocks climbed on Monday, getting  a boost from lower oil prices after Venezuela's president  declared he had survived a recall referendum, easing fears  about the country's oil exports.
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Shares in Irish drug group Elan Corp. PLC are expected to be in demand today, as investors react to news that Antegren, its multiple sclerosis (MS) drug now known as Tysabri, was granted accelerated approval by the US FDA last night.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.
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SAN FRANCISCO (CBS.MW) -- Shares of Elan Corp. and Biogen Idec rose in after-hours trading Tuesday after Tysabri, a drug used for the treatment of multiple sclerosis, was approved by the US Food and Drug Administration.
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DUBLIN, Ireland  - U.S. drug company Biogen Idec  is considering an all-share bid of more than 8.5 billion euros  ($10.6 billion) for Irish peer Elan, a newspaper reported on  Sunday.
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DUBLIN -- US drug company Biogen Idec is considering an all-share bid of more than 8.5 billion euros ($10.6 billion) for Irish peer Elan , a newspaper reported yesterday.
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Shares of Nastech Pharmaceutical Co.  Inc. NSTK.O jumped 23 percent before the bell on Monday after  the company said it tied up with Merck & Co. MRK.N to develop  and market Nastech's experimental nasal spray treatment for  obesity.
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Shares of Nastech Pharmaceutical Co. Inc. (NSTK.O: Quote, Profile, Research) jumped 23 percent before the bell on Monday after the company said it tied up with Merck &amp; Co.