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ONXX Onyx Pharmaceuticals, Inc. (MM)

124.70
0.00 (0.00%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Onyx Pharmaceuticals, Inc. (MM) NASDAQ:ONXX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 124.70 0 01:00:00

Amgen Deal for Onyx Slowed by Drug Data Access -Bloomberg

15/08/2013 3:41pm

Dow Jones News


Onyx Pharmaceuticals, Inc. (MM) (NASDAQ:ONXX)
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Amgen Inc.'s (AMGN) proposed $130-a-share, or $9.5 billion, takeover of Onyx Pharmaceuticals Inc. (ONXX) has stalled over access to drug trial data, although the offer price itself is not at issue, Bloomberg News reported Thursday on its website, citing three people familiar with the matter.

The deal is being slowed over whether Onyx will provide to Amgen data on a blood-cancer treatment which is in the midst of a trial. Because the trial is ongoing, Onyx doesn't have access to the data and obtaining the results prior to conclusion of the study could slow the drug's approval, one person told Bloomberg.

A spokeswoman for Onyx declined comment to Bloomberg and a spokeswoman for Amgen said the company doesn't comment on market rumors.

Full story at: www.bloomberg.com/news/2013-08-15/amgen-talks-to-buy-onyx-said-to-stall-on-drug-trial-data.html

Write to nymonitoring@dowjones.com

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