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Stock Market & Financial Investment News

News Breaks
November 15, 2012
07:02 EDTPCS, NXY, SHPGPaulson & Co. reports new stakes in MetroPCS, Nexen, Shire
News For PCS;NXY;SHPG From The Last 14 Days
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May 20, 2013
10:03 EDTSHPGShire advances after report renews takeover speculation
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07:27 EDTSHPGAmerican Psychiatric Association to host annual meeting
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07:01 EDTSHPGSangamo BioSciences announces positive data for Vivo Protein platform
Sangamo BioSciences (SGMO) announced the presentation of new data demonstrating the successful application of Sangamo's proprietary In Vivo Protein Replacement Platform to produce therapeutically relevant levels of Factor VIII in a mouse model. Sangamo has partnered with Shire (SHPG) to develop ZFP Therapeutics for both hemophilia A and B using this approach.
06:30 EDTSHPGLeerink estimates Shire takeout value at least $110 per share
Leerink says a takeover price for Shire (SHPG) would need to be at least $110 per share in order to get the company's board to consider a sale. The firm notes a Daily Mail report last night said Bristol-Myers (BMY) has engaged advisors to study an acquisition of Shire and that Shire's CEO has contacted bankers to consider anti-takeover measures. Leerink believes a Bristol-Myers takeover of Shire would make sense and keeps an Outperform rating on Shire.
06:25 EDTSHPGShire may return cash to thwart takeover, Daily Mail reports
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May 14, 2013
07:24 EDTSHPGEBD Group to host a conference
BioTrinity 2013 is being held in Newbury, England on May 14-16.
May 10, 2013
10:00 EDTSHPGOn The Fly: Analyst Downgrade Summary
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05:42 EDTSHPGShire downgraded to Neutral from Overweight at JPMorgan
May 9, 2013
12:24 EDTSHPGShire unit wins patent trial against Watson regarding LIALDA
Shire (SHPG), announces that its subsidiary, Shire Development, has prevailed in its litigation against Watson Pharmaceuticals, Watson Laboratories-Florida, Watson Pharma. and Watson Laboratories in connection with their Abbreviated New Drug Application for a generic version of Shire's LIALDA delayed release tablets for the induction of remission in adults with active, mild to moderate ulcerative colitis and for the maintenance of remission of ulcerative colitis. Following a five day bench trial in the Southern District of Florida, Judge Middlebrooks issued a ruling upholding the validity of the patent covering LIALDA, US Patent No. 6,773,720, and holding that the proposed ANDA formulation infringes the claims of that patent. Accordingly, Judge Middlebrooks confirmed that Shire is entitled to an injunction, which he will issue separately, which prohibits the FDA from approving the ANDA formulation until the expiration of the '720 patent.
10:17 EDTSHPGShire trades higher in London amid takeover chatter, Guardian says
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