Biotech Pharmacyclics Spikes On Buyout Rumors

By | February 25, 2015

Scalper1 News

Pharmacyclics (PCYC) stock soared to an all-time high Wednesday on media reports that the biotech is considering selling itself to a big pharmaceuticals company. Pharmacyclics, whose only marketed product is the Imbruvica blood-cancer drug, has drawn interest from Johnson & Johnson (JNJ) and Novartis (NVS), according to a report from Bloomberg, which cited unidentified sources with “knowledge of the matter.” No representatives from any of those Scalper1 News

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