Actionable news
All posts from Actionable news
Actionable news in MDVN: Medivation, Inc.,

Amgen Said to Join Health-Care Pack Weighing Medivation Bids

Amgen Inc. is considering a bid for Medivation Inc., joining a group of suitors circling the cancer therapy company, according to people with knowledge of the matter.

Amgen is speaking with advisers as it evaluates whether to make an offer, the people said, asking not to be identified because the deliberations are private. No final decision has been made, and Amgen may decide against moving forward, they said.

French drugmaker Sanofi has already made an unsolicited, $9.3 billion takeover offer, which Medivation rejected, that valued the company at $52.50 a share. Sanofi said Thursday it sent a letter to Medivation, threatening to take the offer directly to...