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A collection of news and information related to Biogen Idec Incorporated published by this site and its partners.
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Royalty raises Elan bid, issues ultimatum to shareholders
ReutersDUBLIN/NEW YORK (Reuters) - Royalty Pharma raised its hostile bid for Elan to $12.50 per share and threatened to withdraw the bid if Elan shareholders approve a series of defensive transactions announced by the Irish drug firm. Royalty Pharma, which buys...Tags: Economy, Business and Finance, Stock Activities, Elan Corporation Plc, Companies and Corporations, Buyback
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Wall Street ends near flat; correction worry rises
ReutersNEW YORK (Reuters) - U.S. stocks ended little changed on Monday with indexes hovering near record levels as concerns about a correction cut earlier gains that were boosted by acquisition activities. Based on the latest available data, the Dow Jones...Tags: Raymond James Financial Incorporated, U.S. Department of Energy, Berkshire Hathaway Inc., Elan Corporation Plc, Book
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Royalty Pharma ups offer for Elan to $12.50/shr
ReutersLONDON, May 20 (Reuters) - U.S. investor Royalty Pharma raised its offer to $12.50 per share for Irish drugmaker Elan on Monday, representing a premium of 45 percent to Elan's enterprise value, it said. The company said it was offering $4.6 billion for...Tags: Elan Corporation Plc, Theravance Incorporated
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XenoPort to drop multiple sclerosis drug, shares fall
Reuters(Reuters) - XenoPort Inc said it would stop development of an experimental multiple sclerosis treatment it planned to launch in 2015 after a late-stage trial failed to show significant improvement over a placebo. Shares of the company fell 26 percent...Tags: Stock Market, Placebo, Stock Activities, Acorda Therapeutics Incorporated, Environmental Issues
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U.S. RESEARCH ROUNDUP: Visa, Wal-Mart, Biogen Idec, Walt Disney
ReutersMay 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Macy's and Biogen Idec on Friday. HIGHLIGHTS * Aruba Networks : FBN, JP Morgan, Needham, Wedbush, Wells Fargo cut rating *...Tags: Interior Policy, GameStop, Aerospace Manufacturing, Politics, Lowe's Companies Inc.
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CORRECTED-Data show new Roche leukemia drug may improve on Rituxan
Reuters(Corrects paragraph 12 to show Biogen has stake in new drug) By Bill Berkrot May 15 (Reuters) - An experimental leukemia treatment that Roche Holding AG hopes will improve upon its best-selling cancer drug Rituxan delayed disease progression twice as...Tags: Biotechnology, Cancer, Oncology, Health Treatments, Diseases and Illnesses
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Elan says Royalty wanted to take it private before Tysabri deal
ReutersDUBLIN, May 15 (Reuters) - Royalty Pharma last year urged Elan to hold off on a multi-billion dollar drug deal until it had taken the Irish drugmaker private to boost the compensation the firms' executives would receive, Elan said on Wednesday. Royalty...Tags: Economy, Business and Finance, Companies and Corporations, Elan Corporation Plc, CEO Pay, GlaxoSmithKline PLC
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Elan alcanza acuerdo por regalías de 1.000 mln dlrs con Theravance
ReutersPor Padraic Halpin DUBLIN (Reuters) - Elan intensificó el lunes su intento por mantener su independencia al alcanzar un acuerdo de 1.000 millones de dólares para comprar el 21 por ciento de las regalías que la firma estadounidense Theravance recibe de...Tags: Elan Corporation Plc, GlaxoSmithKline PLC, Theravance Incorporated
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Elan's $1 billion drug royalty deal aids bid defense
ReutersDUBLIN (Reuters) - Irish drugmaker Elan Corporation has agreed a $1 billion royalties deal that could soothe concerns about its potentially risky acquisition strategy and fend off a takeover bid from Royalty Pharma. Elan, battling to keep its...Tags: Economy, Business and Finance, Companies and Corporations, Elan Corporation Plc, COPD, Asthma
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UPDATE 1-Elan strikes $1 bln royalty deal with Theravance
Reuters* Elan to acquire newly approved Breo as part of $1 bln deal * Irish drugmaker to announce further deals in due course * Looks to outmanoeuvre Royalty with second shareholder dividend By Padraic Halpin DUBLIN, May 13 (Reuters) - Elan stepped up its...Tags: Multiple Sclerosis, Elan Corporation Plc, COPD, Food and Drug Administration, Asthma
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U.S. RESEARCH ROUNDUP: Yahoo, News Corp, Rackspace, Groupon, LivePerson
ReutersMay 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Yahoo and News Corp, on Thursday. HIGHLIGHTS * Yahoo : Raymond James raises price target to $30 from $27; rating outperform...Tags: OraSure Technologies, Inc., PhotoMedex Incorporated, Aerospace Manufacturing, Federal Realty Investment Trust, Rackspace, US Inc.
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REUTERS SUMMIT-Faster drug approvals a tonic for pharma industry
Reuters(For other news from Reuters Health Summit, click on http://www.reuters.com/summit/Health13) By Ben Hirschler NEW YORK, May 8 (Reuters) - A pickup in new drug approvals, the promise of faster regulatory decisions and more targeted medicines have...Tags: Breast Cancer, Diabetes, Diseases and Illnesses, Drugs and Medicines, Pfizer Inc.
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