Icahn pushing Lilly to buy Amylin?
The latest move in the escalating proxy battle with billionaire investor Carl Icahn saw US biotechnology firm Amylin accusing him of trying to sell the firm to drug major Eli Lilly, its partner for the diabetes drug Byetta (exenatide), ahead of the approval of a once-weekly formulation of the drug, which would "dramatically undervalue the opportunity" that shareholders will have once the dosage is cleared and marketed.
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