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Stock Market & Financial Investment News

News Breaks
March 12, 2014
06:00 EDTAZNAstraZeneca announces sale of Alderley Park, to take impairment charges
AstraZeneca announced the sale of its Alderley Park site in Cheshire, U.K., to Manchester Science Parks, a Greater Manchester based public-private partnership and science park operator. The sale is part of AstraZeneca’s plan, set out in March 2013, to establish a new global R&D centre and corporate headquarters in Cambridge, U.K., in 2016. AstraZeneca will take pre-tax impairment charges of $275M to non-core R&D expense in 1Q14. This forms part of the costs associated with the footprint changes announced in March 2013.AstraZeneca expects to complete the sale by end of March 2014 and will remain a key tenant on the site. The handover of the site will be phased over a three year period, with the full exit of AstraZeneca R&D staff to take place in line with the completion of the company’s new facility in Cambridge.
News For AZN From The Last 14 Days
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February 27, 2015
06:24 EDTAZNAstraZeneca turning antibiotic R&D into separate subsidiary, Reuters reports
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February 23, 2015
12:53 EDTAZNAnalysts debate potential for competing Salix takeover bid
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07:55 EDTAZNJefferies says other bidders may emerge for Salix
Jefferies says it could envision other bidders emerging for Salix (SLXP) and points out recent media reports have suggested Shire (SHPG) and Endo (ENDP) have considered making a bid for the company. It lists AstraZeneca (AZN) and Takeda as others who could have possible interest in Salix. The firm believes Valeant (VRX) could afford to pay more for Salix should other bidders emerge.
February 20, 2015
07:23 EDTAZNAbbVie replaces Pfizer as top global pharma pick at Jefferies
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07:08 EDTAZNAmerican Academy of Allergy, Asthma and Immunology to hold annual meeting
2015 Annual Meeting of AAAAI is being held in Houston, Texas on February 20-24.
February 17, 2015
17:16 EDTAZNActavis confirms temporary injunction related to generic Pulmicort RESPULES
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