Biotech company Gilead Sciences (GILD) should buy Celgene's (CELG) psoriasis drug Otezla, but only for less than $9.6 billion, analysts said Thursday.
Earlier this year, Bristol-Myers Squibb (BMY) announced Celgene would divest the blockbuster drug in order to complete Bristol-Myers' $74 billion merger with Celgene. Bristol-Myers already owns psoriatic arthritis drug Orencia. So, owning both drugs could create a monopoly.
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