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Stock Market & Financial Investment News

News Breaks
January 4, 2013
18:23 EDTPFE, ENDPPfizer, Endo Pharmaceuticals to pay $18.17M each to Texas in Medicaid case
Texas Attorney General Greg Abbott announced that two civil Medicaid fraud settlements secured by the Attorney General’s Office will yield more than $36M for the state, and the settlement agreements announced resolve the state’s Medicaid fraud claims against Pfizer (PFE) and Endo Pharmaceuticals (ENDP). Under the agreements, the state will recover $18.17M each from Pfizer and Endo Pharmaceuticals. Reference Link
News For PFE;ENDP From The Last 14 Days
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June 10, 2013
07:20 EDTPFEBiomed to host a conference
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June 6, 2013
10:01 EDTENDPOn The Fly: Analyst Downgrade Summary
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10:01 EDTENDPOn The Fly: Analyst Upgrade Summary
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07:53 EDTENDPEndo Health upgraded to Outperform from Market Perform at Leerink
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07:22 EDTENDPEndo Health restructuring slightly ahead of schedule, says Jefferies
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06:34 EDTENDPEndo Health downgraded to Sell from Hold at Cantor
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June 5, 2013
17:45 EDTENDPEndo terminates sales and promotional pact with Ventiv
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16:30 EDTENDPEndo Health revises FY13 adjusted EPS view to $4.10-$4.40, consensus $4.27
Revises FY13 revenue guidance to $2.65B-$2.8B, consensus $2.8B. The company's 2013 guidance is based on certain assumptions including adjusted gross margin of between 64%-66%; adjusted effective tax rate of between 27.5%-28.5%; adjusted operating expenses to be reduced by approximately $150M when compared with FY12; the company continues to expect a single generic competitor for Lidoderm in September.
16:23 EDTENDPEndo Health to explore strategic alternatives for HealthTronics business
In keeping with its more disciplined capital allocation framework, the company is evaluating strategic alternatives for its HealthTronics business, which provides urological services, products and support systems to various healthcare providers in the U.S. Endo also announced plans to explore alternatives for its branded pharmaceutical early stage discovery platform, which is made up of several drug discovery candidates in multiple therapeutic areas. The company will continue to evaluate the performance of its remaining businesses so that their respective cash flows and returns are consistent with Endo's investment criteria.
16:23 EDTENDPEndo Health, announces strategic alternatives, to reduce workforce by 15%
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