When Furiex posted positive Phase III data on its lead drug, the biotech did everything just short of posting a “for sale” sign in its front yard to signal its intentions as its market cap more than doubled in a matter of hours. Now, in case you missed the signals, Bloomberg is reporting its sources are saying that the company has signed on with Bank of America to engineer a deal.

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Source: Is it news to you? Furiex really is up on the auction block


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