- Momenta, Sandoz develop and market complex drugs; expanded in separate deal
- Alkermes acquires Advanced Inhalation Research in stock swap
- Alkermes, Lilly expand inhaled insulin deal; later terminated
- Alkermes develops inhalable insulin with Lilly; terminated
- Cytel acquires vaccine division Epimmune
- Ligand buys Glycomed in stock swap valued at $106 million
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