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Latest Headlines

Latest Headlines

Clinical Data buys Avalon for $10M

Newtown, MA-based Clinical Data announced that it will acquire Avalon Pharmaceuticals for $10 million. The all-stock merger agreement gives Clinical Data access to Avalon's pipeline, including

Avalon cuts back as it scrambles to raise cash

Avalon Pharmaceuticals is axing about a third of its staff as it scrambles to find new funds. The Germantown, MD-based biotech, which will be left with about 35 employees, told investors it can't