Updated Apr. 29, 2014 at 8:23 a.m.

Premium Lock Furiex Pharmaceuticals sells for $1.1B; another $360M possible

Published: 2014-04-28 16:35:00
Updated: 2014-04-29 08:23:09

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Morrisville-based Furiex Pharmaceuticals, which had been the subject of buyout rumors, has been sold for $1.1 billion in cash to Forest Laboratories. But that's not all. Another $360 million could be paid if Furiex's lead product is approved. Furiex shares spike 29 percent on the news....

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