Hints and tips:
...AIA Group, which is based in Hong Kong, accordingly announced blowout first-half results this week....
...For the four months ended June Asos posted group revenue of £1.29bn, up 21 per cent on an underlying basis year on year....
...That transaction rivalled records for the largest gross sellside fees to a group of banks on a takeover....
...In a letter in June sent jointly with the hedge fund Senator Investment Group, Appaloosa urged Allergan to overhaul its leadership, and slammed a strategic review plan outlined by Mr Saunders....
...The new group, which would sit close to rivals Pfizer and Novartis in terms of revenues, will retain an important presence in immunology — with Humira and Skyrizi — hematologic oncology — with Imbruvica...
...Actavis to keep prices artificially high....
...Last year US group Pfizer was fined a record £84m in the UK for charging excessive prices for a drug to treat epilepsy while GlaxoSmithKline and other generics manufacturers were fined £45m over the sale...
...Teva could use a similar shot in the arm, after deciding to spend nearly $40bn in cash and shares on Actavis, another generic pharma specialist, in 2015....
...However shares in the $84bn US-listed Irish pharma group were held back by the sharp-off in Teva....
...The group has ongoing patent disputes with Mylan, Actavis, Par, Sandoz, Alvogen and Rhodes Pharmaceuticals, all of which are attempting to launch their own opioid addiction treatments....
...The court also gave a partial victory to drugmakers Actavis and Par Pharmaceutical, which had lost a patent battle with Indivior....
...Intas Group....
...Worse for Teva, it doubled down on generics by paying roughly $40bn for Allergan’s Actavis unit — just before prices started to crumble and after some investors warned against the deal....
...It is also facing an appeal in a patent battle against Actavis and Par Pharmaceutical....
...Copaxone, its multiple sclerosis drug that accounted for about 20 per cent of group revenues last year....
...The CMA also accused Actavis of charging the NHS “excessive” prices for hydrocortisone tablets after prices rose 12,000 per cent....
...Less than a year later Forest was acquired by Actavis (which subsequently merged with Allergan) resulting in massive gains for Forest shareholders....
...Civil society groups were uncomfortable with Nigeria’s human rights policies....
...A possible further source of funds is Bayer’s remaining 64 per cent stake in Covestro, worth €5.6bn ($6.3bn), after a spinout of the materials science group last year....
...Allergan, previously known as Actavis, was itself one of numerous lesser-known US companies to have “redomiciled” to Ireland or other lower-tax countries....
...Home Retail Group, soon to be bought by Sainsbury, fell 1.9 per cent to 159.2p ahead of a trading update scheduled for Thursday....
...Analysts pinned the drop to nerves awaiting the outcome of Indivior’s patent infringement lawsuit against Actavis and Par, expected shortly....
...The transaction will rank behind Verizon’s $49bn debt sale in 2013, as well as the $46bn offering from AB InBev and a $21bn issuance from Actavis, Dealogic data show....
...Nearly one-third of 2015’s incoming chief executives came from a country other the one where the group was headquartered....
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