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Stock Market & Financial Investment News

News Breaks
July 29, 2014
07:48 EDTJAZZJazz Pharmaceuticals price target raised to $177 from $171 at Leerink
Leerink raised its price target for Jazz Pharmaceuticals shares to $177 citing an improved outlook for defibrotide. The firm keeps an Outperform rating on the stock.
News For JAZZ From The Last 14 Days
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May 28, 2015
09:24 EDTJAZZJefferies 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).
May 27, 2015
18:18 EDTJAZZRosewind acquires ProstaScint assets from Jazz Pharmaceuticals
In a regulatory filing earlier, Ampio Pharmaceuticals (AMPE) reported that on May 20, Rosewind, an approximately 81.5%-owned subsidiary of Ampio, entered into and closed on an asset purchase agreement with Jazz Pharmaceuticals (JAZZ). Pursuant to the agreement, Rosewind purchased assets related to ProstaScint, or capromab pendetide, including certain intellectual property and contracts, and the product approvals, inventory and work in progress, and assumed certain of Jazz's liabilities, including those related to product approvals and the sale and marketing of ProstaScint. Rosewind paid $1M at closing for the ProstaScint assets. Rosewind has also agreed to pay an additional $500,000 within five days after transfer for the ProstaScint-related product inventory, and $226,523 payable on September 30, which represents a portion of certain United States Food and Drug Administration fees. Rosewind also will pay 8% on net sales made after October 31, 2017, payable up to a maximum aggregate payment of $2.5M. The agreement also provides that for a period of one year, Jazz agrees to not directly or indirectly, through any of its agents or affiliates, compete against ProstaScint, or acquire a company or business in which more than 15% of such acquired business’ total revenue is generated by products that compete with ProstaScint.
May 20, 2015
08:12 EDTJAZZJazz Pharmaceuticals management to meet with Leerink
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07:21 EDTJAZZUBS to hold a conference
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May 18, 2015
12:24 EDTJAZZJazz Pharmaceuticals management to meet with Guggenheim
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