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POZEN Inc. Message Board

  • ex_hacker202 ex_hacker202 Apr 21, 2014 12:09 PM Flag

    POZN to become a piggy bank for investors

    Anyone read the new 8-K? I still say Sanofi buys them out after PA approval, since POZN will only be a shell corp by then.

    "To demonstrate our commitment to stockholder return, we initiated several steps to improve stockholder return going forward, one of which was a distribution of $1.75 per share in December 2013 that represented a tax-efficient return of capital to stockholders. In addition, we are pleased to report that in 2013, shares of the Company rose from $5.01 to $9.85 (before the effect of the distribution), which we believe is attributable to continuing progress with our PA program, signing a major license agreement with Sanofi US, transitioning VIMOVO in the U.S. to Horizon Pharma, and announcing a revised corporate strategy. Specifically, under our new strategy, == POZEN will not undertake any new development programs unless fully paid for by a third party explore ways to continue to distribute excess cash to stockholders in a tax-efficient manner".

 
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