Makes PTX 14m market cap look like loose change. There is a 10 bagger in PTX waiting to bust out imo.
"Eli Lilly said on Monday it will buy Loxo Oncology Inc for $8 billion, an expensive bet on a pipeline of cancer drugs that target rare genetic mutations and the biggest acquisition in the drugmaker's 143-year history. The price represents a 68 percent premium to Loxo's Friday share price close, which some Wall Street analysts said was high for a company with only one drug on the market that it shares with a partner."
PTX Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
