The Armonk, New York-based International Business Machines Corp (NYSE:IBM) purchased one more storage-technology corporation on Thursday, continuing its 5-year shopping spree in that field, and encouraged to make more purchases to fill its product line gaps. International Business Machines reported that IBM would buy Texas Memory Systems Inc, a closely...
Pernix Therapeutics Holdings Inc (NYSE:PTX) reported on Tuesday that it is purchasing Somaxon Pharmaceuticals, Inc (NASDAQ:SOMX) in a stock-for-stock agreement, worth at $25 million. The Woodlands, Texas based Pernix anticipates to benefit from Somaxon’s insomnia drug Silenor in the purchase, which is subject to the endorsement of the San Diego,...