Updated Oct. 22, 2013 at 4:40 p.m.

Premium Lock OxyBio shares close up 30% after trifecta: Acquires pharma firm, hires CEO, adds potential $600M drug

Published: 2013-10-22 10:45:00
Updated: 2013-10-22 16:40:17

John Kelley to lead combined company John Kelley to lead combined company. Image 1 of 2 · Next Image…

Wall Street likes this deal. Morrisville-based OxyBio says it is buying privately held Phyxius Pharma for some $4.8 million in stock and is naming the co-founder and CEO of that company as its chief executive officer. It's also acquiring the rights to a drug that could be worth $600 million a year....

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