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Stock Market & Financial Investment News

News Breaks
December 18, 2012
07:20 EDTGSK, THRXGlaxoSmithKline, Theravance announce U.S. regulatory submission for UMEC/VI
GlaxoSmithKline (GSK) and Theravance (THRX) announced the submission of a regulatory application in the US for the investigational once-daily LAMA/LABA combination medicine, UMEC/VI, for patients with chronic obstructive pulmonary disease, or COPD. UMEC/VI is a combination of two investigational bronchodilator molecules -- GSK573719 or umeclidinium bromide, or UMEC, a long-acting muscarinic antagonist, or LAMA, and vilanterol, a long-acting beta2 agonist, or LABA, administered using the ELLIPTA inhaler. US Submission: A New Drug Application, or NDA, for UMEC/VI with the proposed proprietary name Anoro Ellipta has been submitted to the FDA, for the long-term once-daily maintenance bronchodilator treatment of airflow obstruction in patients with COPD, including chronic bronchitis and emphysema.
News For GSK;THRX From The Last 14 Days
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June 18, 2013
08:37 EDTGSKDrug companies turn to microchips to test medicines, WSJ reports
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07:13 EDTGSKAspen in talks buy GSK's Arixtra, Fraxiparine brands
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07:07 EDTGSKGlaxoSmithKline receives offer for thrombosis brands from Aspen
GlaxoSmithKline said it received an offer for its thrombosis brands and Notre-Dame de Bondeville site from Aspen Global. A period of exclusivity has been agreed with Aspen. The financial terms are confidential at this time, but the offer includes the transfer of the Arixtra and Fraxiparine brands to Aspen, along with the related manufacturing site and the majority of employees at NDB in France and certain dedicated commercial employees, GSK said. "The proposed transaction is aligned to GSK's strategy of focusing on products with the most growth potential and the delivery of its pipeline," the company added.
June 17, 2013
08:23 EDTTHRXElan holders do not approve Theravance/Elan royalty participation transaction
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June 14, 2013
05:35 EDTTHRXElan holders vote against Theravance, AOP transactions
Royalty Pharma announces that holders of approximately 311M Elan (ELN) ADSs, representing more than 81% of the Elan ADSs held in street name, had voted on the Elan proposals through Broadridge. Based on a review of those votes, a sufficient number of these ADSs have been voted AGAINST both the Theravance (THRX) Transaction and the AOP Transaction such that Royalty Pharma is confident that those proposals will not pass at Elan's June 17 EGM. A narrow majority of these ADSs have been voted AGAINST the ELND005 Transaction. A narrow majority of these ADSs have been voted FOR the Share Repurchase Program but this majority can be overturned by a sufficient vote by ordinary shareholders. There can be no assurance that Elan will conduct a sale process, that any sale process that is conducted will be conducted fairly, or that any proposal to acquire Elan will be presented to Elan Shareholders. Even if Elan does conduct a sale process, given that Royalty Pharma's offer of $13 plus an up to $2.50 CVR has been deemed "grossly inadequate" by Elan, there can be no assurance that Elan will not conclude that all other offers they receive are "grossly inadequate".
June 12, 2013
19:54 EDTGSKGlaxoSmithKline investigates bribe claims in China, WSJ says
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07:16 EDTGSKGlaxoSmithKline fires head of R&D in China, WSJ says
GlaxoSmithKline has fired it's head of R&D in China after finding that he had incorporated "misinterpreted" data in a paper he helped write for a journal, Nature Medicine, according to The Wall Street Journal, citing the company. Reference Link
June 10, 2013
05:35 EDTTHRXElan tells advisors to assess all strategic interests
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June 7, 2013
06:41 EDTTHRXRoyalty Pharma raises offer for Elan to $13 per share plus CVR
Royalty Pharma announced that it increased its offer for Elan to $13.00 in cash per share plus a contingent value right worth up to $2.50 per share. The consideration is not conditional on due diligence, Royalty added. Royalty Pharma said it will waive down the acceptance yhreshold to 50% plus one share if all other conditions to its increased offer are satisfied, fulfilled or, to the extent permitted, waived. Royalty Pharma noted that its offer will lapse if the Theravance (THRX) resolution or any of the other resolutions are approved by Elan stockholders.
June 6, 2013
15:59 EDTGSKFDA votes for modified restrictions on GSK's Avandia, Reuters says
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15:42 EDTGSKFDA panel revote reaffirms modified restrictions for GSK's Avandia, Reuters says
15:26 EDTGSKFDA advisers say Glaxo Avandia vote may have been inaccurate, Bloomberg says
Advisers plan to take a break to assess problem with vote tally and plan to re-vote on GSK's Avandia after break, Bloomberg says.
15:20 EDTGSKFDA panel votes to modify market restrictions for Avandia, Reuters says
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June 5, 2013
07:45 EDTGSKFDA to host a joint committee meeting
Joint Meeting of the Endocrinilogic & Metabolic Drugs Advisory Committee and the Drug Safety & Risk Management Advisory Committee where the discussion on both days will be on GlaxoSmithKline's New Drug Application (NDA) 21071 for AVANDIA (Rosiglitazone Maleate) tablets is being held in FDA Offices in Silver Spring, Maryland on June 5-6 beginning at 8 am. Webcast Link

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