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Theravance, Inc. Message Board

  • timothyc121855 timothyc121855 Nov 3, 2013 7:11 PM Flag

    2013 THRX Stock Purchases by Glaxo

    Glaxo purchased an additional 130,000+ THRX shares on Tuesday, 10/29 bringing their 2013 THRX purchases to 3,500,000+ shares at a cost of over $126,000,000+. Every quarter Glaxo buys additional shares---a nice commitment to THRX and the value placed on their technology by Glaxo. Whether there is an a tender for all the shares is open to debate but THRX is pocket change to Glaxo & you can be sure that if there is any weakness that they will be watching closely.

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