Why Loxo Oncology’s and Sage Therapeutics’ stocks staged a Rally today

Why Loxo Oncology and Sage Therapeutics Have Occupied Today's Headline News
LOXO Oncology
Eli Lilly (LILY) announced its intention to acquire Loxo Oncology (LOXO) for around $8 billion in cash.  The offer translates to around $235 a share, representing a premium of 69%. Loxo Oncology is developing a pipeline of targeted medicines focused on cancers that can be detected by genomic testing. We remind that last week Bristol-Myers announced its intention to buy Celgene at $74 billion.  

The . . .

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