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News Breaks
February 19, 2014
07:35 EDTENDPEndo Health reports 2013 non-cash charges of $495M
Endo Health Solutions has completed its annual goodwill and in-process research and development impairment analysis for 2013 and plans to record in fiscal 2013, a pre-tax, non-cash asset impairment charge of approximately $495M primarily related to goodwill attributable to the company's acquisition of American Medical Systems. During Q4 2013, the company also recorded a pre-tax, non-cash charge of approximately $31M to increase the company's product liability reserve to approximately $520M for all known, pending and estimated future claims primarily related to vaginal mesh cases. The non-cash charges will not affect the company's 2013 adjusted financial results; however, 2013 GAAP earnings per share are now expected to be materially below previously announced guidance of 95c-$1.10.
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September 16, 2014
17:29 EDTENDPAuxilium up 42% following Endo acquisition proposal
16:48 EDTENDPEndo delivers proposal to acquire Auxilium for $28.10 per share in cash, stock
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16:48 EDTENDPEndo delivers proposal to acquire Auxilium for $2.2B in cash, stock
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September 8, 2014
16:33 EDTENDPEndo reports TOPAS System improves fecal incontinence in women
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07:31 EDTENDPEndo announces launch of generic Fortesta gel
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