My problem with this is the first priority is the bonds due in 2040. They are the cheapest, but you are pulling in debt owed in 25 years instead of the debt due within the next few years.
Pharmacyclics, which develops cancer treatments, has attracted interest from companies including Johnson & Johnson and Novartis AG, the people said, asking not to be identified discussing private information.
The company’s shares rose 19 percent to $225 at 1:06 p.m. in New York, extending gains that had seen the stock rise 60 percent this year before Wednesday.
The Sunnyvale, California-based company may fetch $17 billion to $18 billion from a possible sale, the people said, adding that deliberations are at an early stage and may not lead to a deal.
Spokesmen for Pharmacyclics and J&J declined to comment. Representatives for Novartis didn’t respond to requests for comment
A couple of other points (Startiing at 22:15):
* 1404 will be moved into P3 this year
* Talking with partners about what are the next steps into moving PSMA ADC into P3 and expecting that to occur this year. (I am not sure if he meant partner this year or P3 this year)
Baker will be presenting in about 1/2 hour (2:05 EST). If anyone is listening live, please let us know if there are any new developments. I won't be able to listen to the replay until later tonight.
You borrowed shares from your broker and sold them at 6. We are currently over 8.
Is this a viable business?
If so, how?
A higher stock price :)
Vip, I'll take that bet if you can better define fast.
What would they do with it, they have no sales force. Relistor is not strategic to the company, it is just a cash cow to fund the oncology program. Sell the hole thing to Valeant if they want it and offer enough.
It is more about ASCO at the end of next week. You will get nothing new from the healthcare conference next week (same as the one last week).
And the snap, Ray Guy kicks a beauty down to the 4 month delay line. Greece needs to leave the EU and now they have 4 months to work out the exit strategy. It's Greece, there shouldn't be any contagion.