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Amgen to buy Onyx Pharmaceuticals for $10.4 billion

BY Alaric DeArment

THOUSAND OAKS, Calif. — Biotech company Amgen is buying Onyx Pharmaceuticals, the companies said Sunday.

Onyx, based in South San Francisco, Calif., has a portfolio of cancer drugs, including the injected multiple myeloma drug Kyprolis (carfilzomib), as well as Nexavar (sorafenib) tablets, developed with Bayer HealthCare Pharmaceuticals; Stivarga (regorafenib) tablets, developed by Bayer; and palbociclib, developed by Pfizer.

The $10.4 billion deal, a $125 per share tender offer, is expected to close in the fourth quarter. Amgen will acquire global rights to Onyx’s cancer portfolio and pipeline.

"We believe that Amgen is ideally suited to realize the full potential of Onyx’s portfolio and pipeline for the benefit of physicians and patients," Amgen CEO and chairman Robert Bradway said. "Our acquisition of Onyx follows a thorough due-diligence process and is fully consistent with our strategy of advancing innovative medicines that address serious, unmet medical needs."

 

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Giant-Carlisle donates to Second Harvest of the Lehigh Valley as part of 90th-anniversary donation push

BY Alaric DeArment

CARLISLE, Pa. — Giant Food Stores is donating $9,000 to a local food bank to celebrate its 90 years in operation, the supermarket chain said.

Giant said it would expand its "Living Here, Giving Here" community support program by spending 90 days donating to local food banks, in this case to the Second Harvest Food Bank, providing hunger relief throughout the Lehigh Valley. The chain has donated more than $150 million in money and products to charitable causes since 2005.

"Since Giant as founded in 1923, our commitment to being a good neighbor has been unwavering," Giant president Rick Herring said. "We are proud to be a leader in the fight against hunger, raising millions of dollars and donating thousands of pounds of food for hunger relief throughout our 90-year history. No one in the communities we serve should go hungry, and we will continue to support Second Harvest Food Bank of the Lehigh Valley on future efforts to eradicate hunger."

Carlisle, Pa.-based Giant is owned by Ahold USA, which also owns Giant Food of Landover, Md., and Stop & Shop, as well as the Peapod online grocery service.

 

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Peapod opens new pickup locations in Mass., R.I.

BY Alaric DeArment

QUINCY, Mass. — Stop & Shop is launching nine new pickup locations in Massachusetts and Rhode Island as part of its partnership with online grocer and sister company Peapod.

The two retailers, owned by Carlisle, Pa.-based Ahold USA, said the new pickup spots would allow shoppers to order groceries online for easy pickup. The stores included are in Braintree, Mass.; Cohasset, Mass.; East Weymouth, Mass.; Harwich, Mass.; Milford, Mass.; North Attleboro, Mass.; Providence, R.I.; Pawtucket, R.I.; and Cranston, R.I.

"We’re very excited about the rapid expansion of our new pickup offering, which is now available in 27 locations in Massachusetts, Rhode Island and Connecticut," Stop & Shop New England Division president Joe Kelley said. "Customers love having the option of shopping any time, anywhere from their laptop or smartphone and then picking up their groceries at a time that fits their schedule. It takes less than five minutes, and they don’t even have to get out of their car."

Ahold USA also owns Giant Food Stores of Carlisle, Pa., and Giant Food of Landover, Md.


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