In the meantime, a similar drug from IDEC Pharmaceuticals (nasdaq: IDPH - news - people ) reached the market.

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Rituxan, the cancer drug sold by Genentech and IDEC Pharmaceuticals (nasdaq: IDPH - news - people ), is already being tested for the same disease.

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The most successful offspring is Idec Pharmaceuticals (nasdaq: IDPH - news - people ), which, with help from Genentech, developed Rituxan, a monoclonal antibody for non-Hodgkin's lymphoma.

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He also thinks that many fund managers, including himself, will want to offload their stakes in IDEC (nasdaq: IDPH - news - people ) or Biogen (nasdaq: BGEN - news - people ) to keep from owning too much of the combined company, dubbed Biogen IDEC.

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