RE:PFE buys TRIL There is some positivity in biotech today, XBI is up a nice amount. It can't be all on the back of this deal but plenty of positive stuff being said about biotech with this deal.
"A 200% premium acquisition of a down and out mid-small cap is EXACTLY what biotech needed. More please!"
Scioto1 wrote:
PFE announced buyout of TRIL an $800 m cancer drug company for about $2.3 b. TRIL Stock is at $18/share, up from $6.