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Amgen To Buy Micromet

13 February 2012 | by Forex

The world's largest biotechnology company, Amgen Inc, recently announced that it would pay over $1 billion to buy Micromet Inc (MITI.O), which has several cancer drugs in development.

Amgen plans to pay $11 per share in cash for Micromet, which is a premium of nearly 33 percent to the smaller firm's closing price on January 25. In July, the two companies had already signed a drug development deal.

The pipeline of Micromet includes a treatment in mid-stage development for acute lymphoblastic leukemia.

Amgen is being advised by Moelis & Company LLC and Sullivan & Cromwell LLP. Goldman, Sachs & Co. and Cooley LLP are offering financial and legal advice, respectively, to Micromet.

Friday 27, Apr 2012 — JosephMilburn

Micromet is surely a good

Micromet is surely a good prospect for Agmen, worthwhile acquisition.

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