An ongoing battle between pharmaceutical giants Amylin and Eli Lilly ended Tuesday with the companies terminating a decade long drug partnership.
Investors didn't hesitate to hit the sell button, worried that marketing costs for Amylin were about to increase sharply.
Why should you make of these developments?
Don't make a move until you hear from Amylin CEO Dan Bradbury. Watch the video now!
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Trader disclosure: On November 8, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour is long BAC; Seymour is long GLD; Seymour is long FCX; Seymour is long INTC; Finerman owns AAPL; Finerman owns BAC; Finerman owns GOOG; Finerman owns MSFT; Finerman’s firm has short calls AAPL; Finerman’s firm has short calls IBM; Finerman’s firm owns MSFT; Finerman’s firm has short calls WMT; Adami Owns AGU; Adami Owns C; Adami Owns GS; Adami Owns INTC; Adami Owns MSFT; Adami Owns NUE; Adami Owns BTU; Terranova is long CAT; Terranova is long CVI; Terranova is long VRTS; Terranova is long APC; Terranova is long F; Terranova is long EMC; Terranova is long AAPL; Terranova is long IBM; Terranova is long JOYG; Terranova is long LULU; Najarian has long call spreads AAPL; Najarian has long call spreads AKS; Najarian has long call spreads BAC; Najarian has long call spreads WFC; Najarian has long call spreads JPM; Najarian has long call spreads RAX; Najarian has long call spreads ANR; Najarian has long call spreads MRVL; Najarian is long CBOE; Najarian is long CME; Najarian is long CIGX
For Mike Khouw
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For David Riedel
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