1.) Gives Abbv an infrastructure into oncology ie salesforce. 2.) Looks like the new drug has a lot of promise for more indications than the current 4. 3.) Potential fit for combo drugs that Abbv has in their pipeline of which some are in Phase III trials. 4.) Pharmacylics' pipeline. 5.) Acquired a proven effective research staff in the oncology field.
recombinantman, as far as why wineilli hangs around this board is so he can continue to whine. As far as the class action suit goes, these are nothing but ambulance chasers hoping to con some money for themselves. They come in droves whenever there is a M&A.
Depends on Current product growth and new indications plus what is in the pipeline and what other combinations drugs that Abbv has in the pipeline that my work with the new acquisitions products and pipeline. You may be right and you may be wrong but way too early to make statements like this.
That is why we elect board of directories. There is no time to wait around for stockholders to make up their minds and cast votes. Besides you can not show your hand when making deals.
As a stockholder, I am happy with $90 per share especially having Pfizer backing the deal. The only ones that will make out on all the law suits floating around are the ambulance chasing lawyers.
Humira, is taken for life and if a patient is doing ok on Humira a Doctor will think twice before prescribing a similar product. Also there are many other patents filed on humira just for the manufacturing and processing of the product. Also, Abbvie has been working on the next generation of this product.
Call Abbott Investor Relations up and see if this direction is really coming from Abbott Laboratories. Sounds to me that it could very well be your brokerage company not wanting to deal in lots smaller than 100 shares. I ran into this situation several years ago with a broker (Not with Abbott shares but with some other stocks) giving me the same pitch and I immediately transferred everything in the account to my other broker.
Where did you get the info that merger will be completed in Dec? The only thing that I have read is some are estimating that the merger could be completed as soon as the end of the second quarter baring any problems with the FTC and any foreign intervention.
If you owned the stock at $70 why didn't you sell? If you bought at $70 you only have yourself to blame. If you can not stand the heat get out of the market.
Abbvie and Gilead will do just fine long term. It will be at least July before all the pricing impact shakes out and we see real activity on scripts plus 2 quarters of income reporting. Until then both stocks are going to be bouncing around. Also more pipeline info will be available.
Investing is like the weather. Always changing and always a risk. Planning and staying informed is always important.