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In the first few days of what’s become known as J.P. Morgan Week, New Jersey-based Celgene announced it would spend up to $7 billion to acquire Impact Biomedicines. And Novo Nordisk, the world’s biggest insulin maker, bid $3.1 billion for a Belgian biotech firm. (Photo: Shutterstock)

SAN FRANCISCO — There’s so much money floating around here this week, you can almost see it wafting through the air.

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