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Schering Benefits from Big Biotech Mergers

Executive Summary

Amgen's and Immunex's eagerness to marry is likely why Germany's Schering picked up the Leukine business--complete with sales force and development team--for such a reasonable price. The deal also seems to vindicate the decision of Schering's management to relocate the company's Specialized Therapeutics Strategic Business Unit to the US in order to improve the groups ability to go after late-stage deals.
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