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In October, Lilly agreed to acquire Point Biopharma in an all-cash deal valued at $1.4 billion to gain access to its experimental therapies that enable precise targeting of cancer. Lilly, which has offered to buy Point Biopharma shares at $12.50 a piece and has all regulatory approvals for the deal, said the price will remain the same during the extended period. Point's shares, though, closed at $13.33 on Thursday.As of 1700 ET on Thursday, holders of about 28.2 million shares had agreed to sell with valid tendered stock, and this represented only 26.45% of the issued and outstanding shares of Point Biopharma, Lilly said. ....
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BUFFALO, N.Y. (WIVB) — The Sabres will be without Tage Thompson for an extended period after the top-line center was injured taking a shot to the wrist during Buffalo’s 5-2 loss against the Boston Bruins on Tuesday night. Coach Don Granato said the injury will cause Thompson to miss “significant time, unfortunately.” Thompson got hurt […] ....
(Bloomberg) Britain’s labor market held up in the face of an economic slowdown, underscoring the challenge facing the Bank of England as it battles to contain inflation.Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingThailand Takes $28 Billion Malacca Strait Bypass Plan to USIsrael Latest: Biden Urges ‘Less Intrusive Action’ ....