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Stock impact report

Factbox: Bristol-Myers' $74 billion Celgene buy has investors looking for next deal [Reuters (UK)]

CELGENE (CELG) 
Last celgene earnings: 10/31 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.celgene.com
Company Research Source: Reuters
Factbox: Bristol-Myers' $74 billion Celgene buy has investors looking for next deal | Reuters 4 Min Read (Reuters) - Bristol-Myers Squibb Co’s ( BMY.N ) announcement that it would buy Celgene Corp ( CELG.O ) for $74 billion (59 billion pounds) has raised investors’ hopes that a wave of consolidation among drugmakers could be coming. The following are some of the companies in the sector whose shares rose on Thursday on takeover speculation following the deal announcement: INCYTE CORP ( INCY.O ), ENDED TRADING UP 7 PERCENT The failure of an Incyte immunotherapy drug in combination with Merck & Co’s ( MRK.N ) Keytruda in a melanoma trial last year sent its shares reeling. But analysts have said its bone marrow disorder treatment, Jakafi, has become a meaningful new revenue opportunity for the company. At a $15 billion market capitalisation, Incyte remains a digestible size for larger players such as Gilead Sciences Inc and Sanofi SA ( SASY.PA ). RBC analyst Brian Abrahams said Show less Read more
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