News Breaks |
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| February 5, 2013 |
| 16:35 EDT |  | SOMX, ACT | Somaxon announces settlement of Silenor patent litigation with Actavis
Somaxon Pharmaceuticals (SOMX) announced that it has entered into a settlement agreement with Actavis Elizabeth and Actavis (ACT) to resolve pending patent litigation involving Silenor 3 mg and 6 mg tablets. The settlement agreement grants Actavis the right to begin selling a generic version of Silenor on January 1, 2020, or earlier under certain circumstances. The settlement agreement will become effective upon the entry by the U.S. District Court for the District of Delaware of an order dismissing the litigation with respect to Actavis. |
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News For SOMX;ACT From The Last 14 Days Check below for free stories on SOMX;ACT the last two weeks. |
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| May 17, 2013 |
| 14:48 EDT |  | ACT | Actavis may bid for Warner Chilcott to ward off takeover, Reuters says
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| 13:56 EDT | | ACT | Actavis may purchase Warner Chilcott as takeover defense, Reuters reports
Over past few weeks, Actavis (ACT) has "spurned approaches" from Valeant (VRX) and Mylan (MYL), and has instead pursued a bid for Warner Chilcott (WCRX), according to Reuters, citing people familiar with the situation. |
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| May 16, 2013 |
| 08:11 EDT | | ACT | Novartis says no intention of pursuing Actavis, Bloomberg reports
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| 07:46 EDT |  | ACT | Jefferies sees high probability of Actavis, Warner Chilcott merger
Jefferies believes a takeover of Warner Chilcott (WCRX) by Actavis (ACT) would make strategic and financial sense and would be significantly accretive to Actavis. The firm sees a high probability of a deal getting done and raised its price target for Actavis to $120 from $81 while keeping a Hold rating on the name. Jefferies estimates a deal at $24 per Warner Chilcott share would be accretive to Actavis' 2014 earnings by $5.31. |
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| May 15, 2013 |
| 19:37 EDT | | ACT | Novartis weighing Actavis bid, WSJ reports
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| 18:17 EDT | | ACT | Novartis weighs possible bid for Actavis, DJ reports
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| 07:03 EDT | | ACT | Mylan highly unlikely to acquire Actavis, says Barclays
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| May 14, 2013 |
| 13:55 EDT | | ACT | Actavis weighing over $5B bid for Warner Chilcott, snubbed Mylan, Bloomberg says
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| 13:36 EDT | | ACT | Actavis discussing over $5B bid for Warner Chilcott, Bloomberg reports
Bloomberg cites a source. |
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| 13:22 EDT | | ACT | Actavis turned down $15B takeover bid from Mylan, Bloomberg reports
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| 07:18 EDT |  | ACT | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. |
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| May 13, 2013 |
| 12:14 EDT | | ACT | Actavis price target raised to $140 from $125 at Buckingham
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| 09:04 EDT | | ACT | Actavis NDA for progestin-only patch accepted for filing by FDA
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| 09:00 EDT | | ACT | Warner Chilcott price target raised to $21 from $18 at Susquehanna
Susquehanna raised its price target on Warner Chilcott (WCRX) following its confirmation it is in discussions with Actavis (ACT) about a business combination. The firm believes the possible combination is compelling and worth exploring. Shares are Positive rated. |
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| 07:49 EDT | | ACT | FDA decision on Opana a modest positive for Impax, says Leerink
Leerink views the FDA's denial of Endo's (ENDP) Citizen Petition as a modest positive for Impax (IPXL), which it notes is the sole holder of 180 day exclusivity on generic Opana. However, Leerink says upside for Impax will be limited as Actavis (ACT), Sandoz, and Teva (TEVA) have settlements to enter the market starting in June 2013 when Impax's 180-day generic exclusivity expires. |
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| May 10, 2013 |
| 16:29 EDT |  | ACT | On The Fly: Closing Wrap
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| 15:06 EDT | | ACT | Warner Chilcott resumes, up 24% after Actavis confirms merger talks
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| 14:57 EDT | | ACT | Actavis resumes trade, up 11% after confirming Warner Chilcott tie-up talks
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| 14:47 EDT | | ACT | Warner Chilcott confirms in discussions with Actavis
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| 14:46 EDT | | ACT | Actavis confirms early discussions with Warner Chilcott
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