Valeant raised its unsolicited offer for Allergan a second time, to $53.3 billion, increasing the cash portion of the bid in an effort to win the backing of the company, with the cash-and-stock portion of the bid valuing each Allergan share at $179.25. With the lower re-negotiated a lower price of $21.5 billion between Johnson & Johnson and Guidant, Boston Scientific announced an unsolicited offer of $24.6 billion for Guidant (an offer of $72 per share of Guidant, $36 in cash and a fixed number of Boston Scientific shares valued at $36 a share). However, the U.S. Treasury passed laws, tightening down on. At $1.85 billion, the acquisition of Pandion is one of the more expensive deals of the group, trailing only ArQule and VelosBio. KarXT's clinical trial data, thus far, appears to set it apart from the crowd on these two key points. GW Pharmaceuticals' stock shot up immediately after the announcement and on Thursday, was trading only seven dollars lower than what Jazz is offering for its stock. On Friday, AUPH stock tumbled below its 50-day moving average, according to MarketSmith.com. Meanwhile, Teva Pharmaceutical Industries (NYSE: TEVA), a drug maker with a $55 billion market cap, has noted that its actively looking for deals in the $10 billion to $15 billion range. Clovis Oncology is an American pharmaceutical company specialized in oncology treatments. Aurinia Pharmaceuticals hired a trio of executives in a move that suggests it's nowhere near a buyout and AUPH stock plummeted Friday.. X. Hikma Pharmaceuticals PLC closed 4.32 short of its 52-week high (21.37), which the company reached on March 25. George Budwell has positions in Axsome Therapeutics. The buyout rumors got reignited last month when Novartis (NVS) agreed to acquire The Medicines Co., which is developing Inclisiran, a drug for heart disease, for $9.7 billion. 1-trusted industry spot in Ipsos just-released annual survey. Back then, Novartis said it was interested in "bolt-on" deals and AUPH stock soared more than 13% on one day in December. The biotech again refused and a few weeks later rejected a low-dollar offer from the "global pharmaceutical company" for rights to another area of Pandion's research. Sanofi earlier this year completed the That funding can make them less receptive to a buyout and force would-be acquirers to offer more to lock down deals. GW is beginning two phase 3 clinical trials in the U.S. of another cannabis-related drug, Sativex (known as Nabiximols outside the U.S.). We are dedicated to developing life-changing medicines for people with serious diseases often with limited or no therapeutic options. Jim Halley has no position in any of the stocks mentioned. The information and content are subject to change without notice. Here are four reasons why the deal makes sense, at least for Jazz: GW Pharmaceuticals is the biggest player in pharmaceutical uses of cannabis, with a market cap of $3.9 billion, making it the sixth-largest marijuana-related stock in the world. Its shares are up more than 49% over the past year. Had Sanofis move on Principia not leaked exactly 30 days before this transaction was officially announced causing Principias stock to jump by more than 50% this years average premium would also be in triple figures. Six times BIGGER Dividends with this one stock. Two names jump out to me; both are in the sweet spot of pharma buyouts, trading with market caps between $10 billion and $15 billion. You should perform An antitrust regulator would likely not be thrilled with a pharma tying up the market of addiction treatment and/or overdose treatment. I am not receiving compensation for it (other than from Seeking Alpha). The pharma industry knocked off the tech industry to take the No. Johnson & Johnson announced the possibility of them pulling out from the deal, Guidant then sued Johnson & Johnson in an attempt to enforce the acquisition. When you look at the fact that Jazz is expected to grow earnings at a near-25% annualized rate over the next half decade, its hard not to like the pharma companys prospects. February started off with Pfizer (NYSE: PFE) buying up Hospira (NYSE: HSP) for $15 billion. Get this delivered to your inbox, and more info about our products and services. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. 2020 is not over yet, of course, and the takeouts of Immunomedics and Myokardia show that buyers are prepared to pay big bucks, and big premiums, when they have to. Watch these two pharma companies with big buyout potential: Endo just completed the $2.6 billion buyout of Auxilium Pharmaceuticals, which has two branded testosterone products. Sign up for free today. 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Thats roughly six times bigger than the average yield of the Dow. But right now naloxone is often really hard to get. Hypothetical or modeled portfolio results do not represent the results of an actually Bayer advanced talks with Monsanto's management and subsequently raised its off by $3 billion, to more than $65 billion - which represented a 2 percent increase on its previous offer. But it seems likely that many desirable assets are simply too expensive to consider right now, which in the long run benefits no one, whether buyingor selling. The target looks ambitious but certainly not impossible to me. Pfizer made a hostile bid, just after the announcement of a $72 billion deal with Wyeth, the eventual purchase price would be in excess of $90 billion. Keeping with this theme, it has become all too common for early commercial-stage biotech companies to lose a large chunk of their value during the opening phase of an important new drug launch. Habig will lead Aurinia's commercial efforts, including sales of its one commercial product, a treatment for lupus nephritis called Lupkynis. Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals This is likely a decent investment even if Opiant Pharmaceuticals, Inc. is 80% likely not to achieve even the first milestone paying out $2. The hirings likely cooled investors' expectations that Aurinia could be looking for a buyout. There is simply too much interest from pharma heavyweights such as Pfizer, Eli Lilly, among others, in novel psych drugs. This list is incomplete, you can help by expanding it. Speaking to this point, Pfizer recently doled out $5.4 billion to acquire Global Blood Therapeutics for its sickle cell disease assets. The product portfolios overlap because they serve a similar patient population, but they're fundamentally different in how or when they're used. Transactions are recorded by the highest Essentially, Epidiolex is a purified form of a CBD, but without tetrahydrocannabinol (THC), the hallucinogenic ingredient of the plant. After a protracted court battle with Valeant, The two companies had agreed to a $54 billion deal that would allow AbbVie to move its headquarters overseas to Europe, reducing their corporate tax rate. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Before that, reports said Bristol Myers could be negotiating a deal. In my opinion, it is credible that the roll-out of an approved OPNT003 would happen much faster after this merger. The company currently sports two FDA-approved therapies: Sunosi for excessive daytime sleepiness due to narcolepsy and Auvelity for major depressive disorder. By using this site, you agree that we may store and access cookies on your device. Both companies are looking for treatments for movement disorders, among other things. Information for Investors Dec 30, 2022 4:00 PM EST Titan Pharmaceuticals, Inc. Nasdaq: TTNP $0.7831 0.0071 Volume 133.97k Day 0.73 - 0.80 52-Week 0.35 - 1.59 Average Volume 0 January 3, 2023 A Look Back at Sciences 2022 Breakthroughs Read Article December 20, 2022 Celebrating the Power of Connection This Holiday Season Read Article Read Article Jazz is a neuroscience company and so is GW Pharmaceuticals. In the first quarter, Lupkynis generated $21.6 million in sales, narrowly beating forecasts. Its receivables-to-revenue ratio is one of the top in the industry. many of the major pharma companies might need to. Endo withdrew its $11.2 billion cash & stock offer for Salix, ending its plans to outbid Valeant Pharmaceuticals International for the company. The biggest premium paid over the period was actually for Tobira, which Allergan bought for $1.7bn in 2016, at a 1,532% 30-day premium; however, this has been excluded as an outlier. Compliance. On today's stock market, AUPH stock toppled 9.4% to 10.49. predictor of future success. Pharma giant Pfizer recently announced that it will acquire Arena Pharmaceuticals for $100 per share or a total equity value of approximately $6.7 billion to What may be less obvious, though, is that there's plenty of growth expected in the pharmaceutical use of marijuana. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. In late September, Pandion's CEO, top scientist, board chairman and head of business development all sat down with Merck's Perlmutter, who was eager to see early-stage data for PT-101. Despite all its growth, GW Pharmaceuticals is still losing money. Innovation in biotech will continue to be rewarded. SAN DIEGO, January 17, 2023--SFJ Pharmaceuticals ("SFJ" or the "company") today announced the closing of the sale and transfer of assets related to Bentracimab from Clicca su Gestisci impostazioni per maggiori informazioni e per gestire le tue scelte. In closing, the two pharma stocks above are intriguing for different reasons. Disorders, among other things 10.49. predictor of future success looking for a buyout major. List is incomplete, you can help by expanding it an American pharmaceutical specialized. Tumbled below its 50-day moving average, according to MarketSmith.com tech industry to take the no today to.! For lupus nephritis called Lupkynis the U.S. Treasury passed laws, tightening down on one. Million in sales, narrowly beating forecasts to this point, Pfizer recently doled out $ 5.4 billion acquire! 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