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Here's a Reason Why Tesaro (TSRO) Stock Climbed Today

NEW YORK (TheStreet) -- Shares of Tesaro (TSRO) advanced on heavy trading volume on Monday after Pfizer (PFE) bested Sanofi (SNY) in a bidding war for Medivation (MDVN) with a $14 billion offer.

Pfizer paid a 120% premium to Medivation's stock price before reports of takeover interest, which is boosting shares of other biopharmaceutical...