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Biogen Idec Inc. (NASDAQ:BIIB): Current Price: $161.42
Biogen acquired Elan’s (NYSE:ELN) stake in Tysabri, causing RBC Capital to believe that the deal makes sense from a strategic financial perspective, due to the fact that it will raise Biogen’s margins and lower its tax rate. The firm is convinced that Biogen’s SG&A as a percentage of revenue will decline following the deal and it reiterates its Outperform rating on the stock.
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