Monthly Archives: September 2008
By George Koroneos | Published: September 11, 2008
King Pharmaceuticals sweetened its offer to purchase Alpharma this morning. The drug firm boosted the bid price to $37 per share or $1.6 billion from the initial of $33 a share it presented in early August. If Alpharma refuses, King is prepared to get down and dirty. In a pointed letter to Alpharmaâ€™s board, King President [...]
By George Koroneos | Published: September 10, 2008
In a statement to the press today, ImClone Chairman Carl Icahn said that the review committee overlooking Bristol-Myers Squibbâ€™s offer to purchase the biotech company for $60 per share $4.5 billion just isnâ€™t good enough. He not only accused BMS of lowballing, but also admitted that the company has been in talks with the head of [...]
By George Koroneos | Published: September 8, 2008
The Wall Street Journal posted the full video of the new Lipitor television spot. It’s very similar to the old Dr. Jarvik ads, but without the celebrity spokesperson. Pharm Exec will have more on the campaign relaunch in Wednesday’s newsletter.