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Threshold Pharma (THLD) stock is advancing on Monday afternoon alongside other biopharma stocks as fellow drug maker Medivation (MDVN) agreed to be bought by Pfizer (PFE) for $14 billion.
Data from CytRx's phase III study of aldoxorubicin for the treatment of patients with soft-tissue sarcoma are being analyzed right now, with results expected toward the end of June.