India, Aug. 3 -- AstraZeneca PLC (AZN) shares fell sharply following reports that the drugmaker has held discussions with Bristol Myers Squibb over a potential merger that could create one of the world's largest pharmaceutical companies.

The stock is currently trading at $155.27, down $14.37 or 8.47%, on the Nasdaq. It opened at $157.16 after closing the previous session at $169.64. The stock has traded between $145.80 and $212.71 over the past 52 weeks.

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