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Specialty pharmaceutical company Endo Pharmaceuticals rose 13% on hopes for its pain drug, Opana.
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Generally, large drug companies do not buy specialty pharmaceutical firms, because the drugs the smaller companies sell are not big enough.
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Early efforts are under way at specialty pharmaceutical firm Allergan and elsewhere to develop anti-inflammatory treatments for the back of the eye.
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It has a specialty pharmaceutical division, which it bought in 2007, that will now have a big customer plugged in as a subsidiary.
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The small specialty pharmaceutical company licensed Celexa from Lundbeck, a Danish drug firm, and turned it into blockbuster drug by pricing it aggressively and marketing its superior safety profile.
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Early efforts are under way at specialty pharmaceutical firm Allergan (nyse: AGN - news - people ) and elsewhere to develop anti-inflammatory treatments for the back of the eye.
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