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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:31 EDTACTActavis receives FDA approval for generic Suboxone
Actavis announced that it has received approval from the FDA on its Abbreviated New Drug Application for Buprenorphine HCl and Naloxone HCl Dihydrate SL Tablets, 2 mg/0.5 mg and 8 mg/2 mg, the generic equivalent to Reckitt Benckiser Healthcare's Suboxone. Actavis intends to begin shipping the product immediately. Suboxone(R) is indicated for maintenance treatment of opioid dependence. For the 12 months ending December 31, 2012, Suboxone(R) tablets had total U.S. sales of approximately $625M, according to IMS Health data.
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May 17, 2013
14:48 EDTACTActavis may bid for Warner Chilcott to ward off takeover, Reuters says
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13:56 EDTACTActavis may purchase Warner Chilcott as takeover defense, Reuters reports
Over past few weeks, Actavis (ACT) has "spurned approaches" from Valeant (VRX) and Mylan (MYL), and has instead pursued a bid for Warner Chilcott (WCRX), according to Reuters, citing people familiar with the situation.
May 16, 2013
08:11 EDTACTNovartis says no intention of pursuing Actavis, Bloomberg reports
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07:46 EDTACTJefferies sees high probability of Actavis, Warner Chilcott merger
Jefferies believes a takeover of Warner Chilcott (WCRX) by Actavis (ACT) would make strategic and financial sense and would be significantly accretive to Actavis. The firm sees a high probability of a deal getting done and raised its price target for Actavis to $120 from $81 while keeping a Hold rating on the name. Jefferies estimates a deal at $24 per Warner Chilcott share would be accretive to Actavis' 2014 earnings by $5.31.
May 15, 2013
19:37 EDTACTNovartis weighing Actavis bid, WSJ reports
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18:17 EDTACTNovartis weighs possible bid for Actavis, DJ reports
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07:03 EDTACTMylan highly unlikely to acquire Actavis, says Barclays
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May 14, 2013
13:55 EDTACTActavis weighing over $5B bid for Warner Chilcott, snubbed Mylan, Bloomberg says
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13:36 EDTACTActavis discussing over $5B bid for Warner Chilcott, Bloomberg reports
Bloomberg cites a source.
13:22 EDTACTActavis turned down $15B takeover bid from Mylan, Bloomberg reports
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07:18 EDTACTBofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16.
May 13, 2013
12:14 EDTACTActavis price target raised to $140 from $125 at Buckingham
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09:04 EDTACTActavis NDA for progestin-only patch accepted for filing by FDA
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09:00 EDTACTWarner Chilcott price target raised to $21 from $18 at Susquehanna
Susquehanna raised its price target on Warner Chilcott (WCRX) following its confirmation it is in discussions with Actavis (ACT) about a business combination. The firm believes the possible combination is compelling and worth exploring. Shares are Positive rated.
07:49 EDTACTFDA decision on Opana a modest positive for Impax, says Leerink
Leerink views the FDA's denial of Endo's (ENDP) Citizen Petition as a modest positive for Impax (IPXL), which it notes is the sole holder of 180 day exclusivity on generic Opana. However, Leerink says upside for Impax will be limited as Actavis (ACT), Sandoz, and Teva (TEVA) have settlements to enter the market starting in June 2013 when Impax's 180-day generic exclusivity expires.
May 10, 2013
16:29 EDTACTOn The Fly: Closing Wrap
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15:06 EDTACTWarner Chilcott resumes, up 24% after Actavis confirms merger talks
14:57 EDTACTActavis resumes trade, up 11% after confirming Warner Chilcott tie-up talks
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14:47 EDTACTWarner Chilcott confirms in discussions with Actavis
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14:46 EDTACTActavis confirms early discussions with Warner Chilcott
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