Business news for Thu, 29 Nov 2007 & with words drug+help. 2 news.

BOSTON (MarketWatch) -- Drug stocks traded largely flat in early action Thursday as shares of MGI Pharma soared on news that it has retained Lehman Brothers to help it seek out strategic alternatives for the company.

BOSTON (MarketWatch) -- Drug stocks traded largely flat early action Thursday as shares of MGI Pharma jumped on news that it has retained Lehman Brothers to help it find a potential buyer. The Amex Pharmaceutical Index inched up 0.2% to 353.29 and the Amex Biotechnology Index was virtually flat at 819.64. Shares of MGI shot up 14% to $33.71.