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Stock Market & Financial Investment News

News Breaks
May 12, 2014
09:25 EDTPRGO, IPXLPerrigo announces FDA approval of generic version of Astepro nasal spray
Perrigo (PRGO) announced that it has received final approval from the FDA on its Abbreviated New Drug Application for azelastine hydrochloride nasal spray. The ANDA involved contributions from both Perrigo and Impax Laboratories (IPXL), who will share certain costs and benefits of this product. Perrigo and Impax continue to be in first to file Hatch Waxman patent litigation with Meda Pharmaceuticals in the United States District Court for the District of New Jersey. Perrigo has commenced shipment of product to its customers. Annual sales were approximately $97M annually, as measured by Symphony Health Solutions.
News For PRGO;IPXL From The Last 14 Days
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July 24, 2014
12:56 EDTPRGOPerrigo confirms AB therapeutic equivalent rating for testosterone gel 1.0%
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July 23, 2014
10:02 EDTPRGOOn The Fly: Analyst Initiation Summary
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08:10 EDTPRGODeutsche Bank hosts an analyst Specialty Pharma/Industry conference call
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July 22, 2014
16:09 EDTPRGOPerrigo initiated with a Buy at Deutsche Bank
Target $189.
July 18, 2014
09:35 EDTPRGOPerrigo would rather make acquisitions than be sold, dealReporter says
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July 16, 2014
11:35 EDTIPXLLannett announces inquiry received from Connecticut Attorney General
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11:34 EDTPRGOPerrigo management to meet with Needham
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09:11 EDTIPXLLannett risk has increased on competitor probe, says Roth Capital
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07:59 EDTPRGOTreasury Secretary urges Congress to take action on tax inversions
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July 15, 2014
17:10 EDTIPXLImpax receives subpoena related to digoxin sales
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11:13 EDTPRGOPerrigo retreats after analyst sees limited potential buyers
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07:48 EDTPRGOPerrigo could be acquired, says RBC Capital
After Globes suggested that Perrigo has hired an investment bank to sell the company. RBC Capital thinks the company has several attributes that could appeal to potential acquirers, including its ability to serve as an inversion vehicle. However, the firm believes that Perrigo could also acquire another company instead. RBC Capital keeps a $160 price target and Outperform rating on the shares.
07:35 EDTPRGOPerrigo potential buyers list could be limited, says Jefferies
After Globes reported that Perrigo retained an investment bank to assist with a potential merger, Jefferies says the list of potential buyers could be limited since the store brand business is fundamentally a high volume, lower margin model. The firm notes U.S. companies that currently do not have large over-the-counter divisions include Bristol-Myers (BMY), Eli Lilly (LLY) and Merck (MRK). Jefferies views the merger speculation surrounding Perrigo as not surprising given the company's strong long-term fundamentals and attractive Irish domicile. It has a Buy rating on the stock with a $160 price target.
July 14, 2014
16:30 EDTPRGOOn The Fly: Closing Wrap
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10:49 EDTPRGOPerrigo hires bank, seeks merger with large peer, Globes says
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10:48 EDTPRGOPerrigo calls active on circulation of Globes report
Perrigo July 145, 150 and 155 calls are active on total call volume of 1500 contracts (300 puts) following the circulation of Globes report. July call option implied volatility 50, August is at 40, November is at 31; compared to its 26-week average of 29 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:38 EDTPRGOPerrigo move higher attributed to circulation of Globes report
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July 11, 2014
10:00 EDTPRGOOn The Fly: Analyst Downgrade Summary
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09:15 EDTPRGOPerrigo downgraded to Equal Weight from Overweight at Morgan Stanley
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July 10, 2014
10:46 EDTPRGOPerrigo management to meet with Guggenheim
Meeting to be held in New York on July 16 hosted by Guggenheim.

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