9/28, 1:15 AM (Source: TeleTrader)
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Merck close to buying Acceleron for $11B - report

Merck and Co. is nearing a deal to buy Acceleron Pharma Inc., the Wall Street Journal reported. The agreement could be announced this week, anonymous sources said.

The biopharmaceutical company is valued at around $11 billion. It specializes in cellular growth and repair, producing treatments for serious and rare pulmonary and blood diseases.

Breaking the News / DJ