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CV Therapeutics Again Declines Astellas $16 Per Share Purchase Offer

This article was originally published in PharmAsia News

Executive Summary

Less than a month after Astellas made public its bid to purchase CV Therapeutics for $16 a share for a total price of nearly $1 billion, CVT turned down the offer Feb. 20 as "significantly undervaluing" the biotech and not serving the best interests of the company or its stockholders
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