
NEW YORK (Reuters) - U.S. market regulators charged a former employee of Takeda Pharmaceutical Co Ltd with making $63,000 in illegal profits on inside information about the company's 2008 agreement to acquire Millennium Pharmaceuticals Inc.
bring the firm to a good level of stewardship. John Maraganore had senior management-level experience at Millennium Pharmaceuticals before joining Alnylam as CEO shortly after its founding in 2002. Founders of Alnylam remain on the firm
purchased ImClone, which we had owned since the 1990s; and Takeda, within the last couple of years, bought Millennium Pharmaceuticals . The tendency is big drug companies have in some cases fallow pipelines, and the biotech companies, looking
bring the firm to a good level of stewardship. John Maraganore had senior management-level experience at Millennium Pharmaceuticals before joining Alnylam as CEO shortly after its founding in 2002. Two founders remain on the firm's board
acquisitions this year, and we think a firm such as Takeda, which recently acquired cancer-focused firm Millennium Pharmaceuticals and also recently discontinued development of its own EGFR antibody (a similar drug to Imclone's Erbitux
Millennium Pharmaceuticals MLNM has received an all-cash buyout offer of $8.8 billion, or $25 per share, from Japanese pharma giant Takeda. We think shareholders
well as a large-scale trial for Revlimid in newly diagnosed multiple myeloma. Although Celgene is slightly behind Millennium MLNM in this indication--which expects first-line approval for Velcade by June--Revlimid already has relatively strong data
Millennium Pharmaceuticals MLNM wrapped up 2007 with strong sales growth for key cancer drug Velcade and high expectations for an expanded approval in 2008. The
released at this year's annual meeting of the American Society of Hematology for Celgene's CELG Revlimid and Millennium's MLNM Velcade only confirm this fact. Because we've already factored Velcade's growing potential as a first-line treatment option
We're putting Millennium Pharmaceuticals MLNM under review as we incorporate its strong third-quarter performance and recent positive clinical data for blood cancer drug Velcade into our model. We'll publish a new report shortly.