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Stock Market & Financial Investment News

News Breaks
May 27, 2014
08:33 EDTVRX, AGNAllergan files presentation showing concerns about Valeant's business model
Allergan (AGN) announced that it has filed an investor presentation with the Securities and Exchange Commission and posted the presentation under the ďInvestorsĒ section of the companyís website detailing its initial concerns about the sustainability of Valeant Pharmaceuticals (VRX) business model. Allergan retained two nationally-recognized financial consultants and forensic accountants, Alvarez & Marsal and FTI Consulting, to evaluate certain concerns about the inherent value of Valeantís business model and stock. With the assistance of these two independent firms, and in response to feedback from numerous Allergan stockholders and analysts, Allergan and its legal and financial advisors carefully analyzed publicly available data on Valeant and the opaque nature of Valeantís pro-forma driven financial reporting. Valeant will only be able to achieve a fraction of its stated SG&A and R&D synergies without destroying Allerganís near-term and long-term value. Valeant has indicated it will maintain R&D required for post-approval and maintenance, product line extensions and late phase projects, but drastically underestimates the spend required by approximately $350M. Moreover, Valeantís purported SG&A synergies are unrealistic given Valeantís goals, as communicated in numerous letters to its customers.
News For AGN;VRX From The Last 14 Days
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May 28, 2015
09:24 EDTVRXJefferies sees Pharma M&A continuing, lists 22 possible targets
Jefferies analyst David Steinberg believes the M&A wave in the Pharmaceuticals space that began in 2005 can continue as the key drivers remain largely intact. In a note titled "Who is Next? The Feeding Frenzy in Specialty Pharmaceuticals," Steinberg sees deals continuing amid cheap debt, the push for lower corporate taxes and investors rewarding many acquirers for their transactions. He points out there are now around 100 publicly traded Specialty Pharmaceutical companies following the recent life sciences IPO boom. Potential takeover targets, according to Steinberg, include Valeant (VRX), Shire (SHPG), Perrigo (PRGO), Zoetis (ZTS), Mallinckrodt (MNK), Jazz Pharmaceuticals (JAZZ), United Therapeutics (UTHR), Pacira (PCRX), Indivior, Insys Therapeutics (INSY), The Medicines Co. (MDCO), Depomed (DEPO), Spectrum (SPPI), KYTHERA (KYTH), Revance (RVNC), XenoPort (XNPT), Mylan (MYL), Akorn (AKRX), Impax (IPXL), Amphastar Pharmaceuticals (AMPH), Anacor (ANAC) and BioDelivery Sciences (BDSI).
07:09 EDTVRXBioDelivery Sciences makes management changes to support Bunavail launch
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May 27, 2015
19:14 EDTVRXOn The Fly: After Hours Movers
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18:27 EDTVRXSalix receives FDA Approval of Xifaxan for treatment of IBS-D
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16:59 EDTVRXFDA approves Salix-marketed Xifaxan
The FDA approved Viberzi and Xifaxan, two new treatments, manufactured by two different companies, for irritable bowel syndrome with diarrhea, or IBS-D, in adult men and women. Xifaxan is marketed by Salix Pharmaceuticals, which was acquired by Valeant Pharmaceuticals. Reference Link
May 21, 2015
19:54 EDTVRXValeant to expand Canadian presence in coming years, Globe and Mail says
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May 20, 2015
06:37 EDTVRXSources: Valeant in talks to buy Amoun Pharmaceutical, Bloomberg reports
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06:32 EDTVRXValeant CEO sees quintupling in Asia sales by 2020, Reuters reports
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