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ImClone

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ImClone
A former publicly-traded company specializing in biotechnology, particularly the development of drugs treating cancer. It is known for the insider trading scandal involving its CEO, Sam Waksal, and television personality Martha Stewart. Both served time in federal prison for attempting (Waksal) or conducting (Stewart) insider trading. Since November 2008, ImClone has been a wholly-owned subsidiary of Eli Lilly and Company. Prior to its acquisition, ImClone was traded on NASDAQ.


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Eli Lilly and ImClone said in a joint statement they had agreed a takeover pitched at 70 dollars a share, compared with 62 dollars per share in a revised offer from BMS.
Bristol-Myers Squibb, the US pharmaceuticals group, said Thursday it has offered to buy its biotechnology partner ImClone Systems in an all-cash deal worth around 4.
 
 
 
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