Hints and tips:
...The company landed in Ireland just a decade ago through a tax inversion merger. Its longstanding home is in Pennsylvania. The group prospered for a while after its emigration....
...In Invisible Women, the FT business book of the year 2019, Caroline Criado Perez spends a chapter chronicling the failure by the pharmaceuticals industry, data collectors and healthcare system in addressing...
...Five years ago, Wall Street investors could barely hide their enthusiasm for up-and-coming pharmaceutical companies like Mallinckrodt. It was not just the science that got them excited....
...Five years later, the group bought CP Pharmaceuticals in Wrexham....
...“We will have to do the same export paperwork for Northern Ireland as we do for the Philippines — that doesn’t seem right,” she added....
...Teva Pharmaceuticals, the only remaining manufacturer, fell 1.6 per cent to $7.38, after losing 3.5 per cent during the trading day....
...● Silence Therapeutics nearly doubled after the gene science developer licensed its flagship technology to Mallinckrodt Pharmaceuticals....
...This long-acting, injectable regimen is being co-developed as part of a collaboration with Janssen Sciences Ireland UC, and is not currently approved by regulatory authorities anywhere in the world, the...
...In the past few weeks, a group of 130 shareholders, including some founding family members, has sought to derail Takeda Pharmaceutical’s planned £46bn acquisition of Ireland’s Shire....
...According to the Interfaith Center on Corporate Responsibility (ICCR), a similar resolution filed at pharmaceutical group Mallinckrodt was withdrawn in March after the company decided to divest its opioid...
...Advent International has pulled ahead in the race to acquire the European generics unit of French pharmaceutical company Sanofi as it tries to fend off competition from both trade and financial buyers, according...
...Others focused on the significance of Takeda’s move for its country’s pharmaceuticals industry....
...Under her leadership, the company transformed itself from a ragbag of intellectual property rights into a healthcare group that operates in interventional medicine, pharmaceuticals and licensing....
...However, Capita has been awarded contracts from the BBC and Northern Ireland authorities in the past three months....
...Teva will need focus, as either a generic or specialty producer, and to shrink a bloated balance sheet....
...Corporate earnings reports out today include Aberdeen Asset Management, GW Pharmaceuticals, Avanza Bank, Moscow Exchange and Neopost....
...Facebook to stop booking ad sales through Irish HQ After a long love affair with Ireland, Facebook became one of the first major technology companies to decide to book less of its revenues in the low-tax...
...Takeda Pharmaceutical said that it plans to buy Ariad Pharmaceuticals in a $5.2bn tie-up as the Japanese group looks to bolster its cancer-drug portfolio....
...Takeda has agreed to acquire US oncology group Ariad Pharmaceuticals for $5.2bn, in what is likely to be the first in a series of deals for Japan’s largest pharmaceutical group as its chief executive eyes...
...Ireland-based Medtronic, for instance, was fined $17m by Chinese anti-monopoly authorities last year for price fixing in its multi-layered local distribution system....
...“The key M&A trends in 2014 and 2015 were specialty pharma companies acquiring revenue and cutting costs using cheap debt. That has disappeared....
...The chemicals roll-up, Platform Specialty Products, and a consumer products conglomerate, Nomad Foods, are both down by about two-thirds....
...The Obama administration torpedoed the deal at the start of April, and with it Pfizer’s attempt to use the transaction to save billions in US taxes by relocating to Ireland....
...The gap between price and NAV narrowed thereafter but Mr Ackman’s awful bet on Valeant Pharmaceuticals has spooked public investors. The discount to NAV is now at 15 per cent....
...Fears surrounding Valeant reverberated through to other junk-rated healthcare companies, including Endo International and Mallinckrodt....
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