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Pharmaceutical Company Achieves Positive In-Vitro Testing Results Diabetes Drug
Date:1/31/2013

of direct vascular abnormalities that accompany diabetes.   Keryx Biopharmaceuticals Inc. (NASDAQ: KERX)  announced this week that its kidney disease drug, Zerenex, is also receiving positive signs as it has performed better than a placebo in late-stage clinical trials.  The New York company said Monday that Zerenex showed a "highly statistically significant" change in serum phosphorus levels compared with a placebo in patients with advanced kidney failure who were on dialysis.  Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) closed up yesterday at $8.49 per share on large trading volume over 49.1Million shares traded.

The Global Pharmaceutical & Biotechnology sector continues to remain attractive, as cost containment initiatives, restructuring/deconsolidation, share repurchase program, M&A, emerging market growth potential and dividend policy continue to be encouraging. Over the next few years, the growth of the industry would be shaped up by a battle between fundamental growth drivers (Value added innovation) versus regulatory pressures to contain costs.  In Merger & Acquisition news, MAP Pharmaceuticals, Inc. (NASDAQ: MAPP) is a biopharmaceutical company focused on developing and commercializing new therapies to address undermet patient needs in neurology. The Company is developing LEVADEX®, an orally inhaled investigational drug for the acute treatment of migraine.  Allergan, Inc. (NYSE: AGN) inked a deal with MAP Pharmaceuticals, Inc. (NASDAQ: MAPP) to acquire the latter. As per the terms of the deal, Allergan will acquire all the shares of MAP Pharmaceuticals for $25.00 per share. The offer price represents premium of 60% over MAP
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