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Onyx Pharmaceuticals considers sale

November 29, 2011
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SAN FRANCISCO — Onyx Pharmaceuticals Inc., known for its kidney-cancer treatment Nexavar, is exploring options, including a possible sale, according to Bloomberg.

Potential buyers are studying Onyx''s business and its experimental carfilzomib cancer therapy.

Onyx had a market value of about $2.4 billion as of Nov. 25 and is working with Centerview Partners LLP to review alternatives, the article stated.

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