Salix Pharmaceuticals (SLXP +5.2%) trades higher after announcing it's acquiring Oceana...

|About: Salix Pharmaceuticals, Ltd. (SLXP)|By:, SA News Editor

Salix Pharmaceuticals (SLXP +5.2%) trades higher after announcing it's acquiring Oceana Therapeutics, a privately held provider of gastroenterology and urology therapies, for $300M in cash.