FDAnews Drug Daily Bulletin

OSI TO CLOSE EYETECH DEAL

Nov. 15, 2005
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OSI Pharmaceuticals eased the worries of Eyetech's shareholders by saying it will in fact close its acquisition of the eye-disease drugmaker on Monday. Last Thursday, OSI rattled Eyetech investors by saying that before it would complete the purchase, it wanted to assess data from Genentech for the drug Lucentis -- a potential competitor to Eyetech's only commercial product, Macugen.

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