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CoLucid's stock soars after $960 million buyout deal with Eli Lilly

Shares of CoLucid Pharmaceuticals Inc. CLCD, +0.00% soared 31% in premarket trade Wednesday, after the developer treatments for acute migraines agreed to be acquired by Eli Lilly & Co. LLY, -0.04% for $960 million in cash. Under terms of the deal, Eli Lilly will pay...