A proposed merger of Endologix and TriVascular Technologies is designed to create an abdominal aortic aneurysm powerhouse. But Wall Street wasn't convinced, causing Endologix shares to plunge by more than 25% in early trading.
Perrigo has railed repeatedly against Mylan's hostile takeover bid and introduced massive cost-cuts and streamlining efforts to try to keep its shareholders loyal. Its next step in fending off its unwanted suitor? Heading to Israel.
Royal Philips has hit a regulatory stumbling block with the $3.3 billion sale of 80% of its combined Lumileds and automotive lighting businesses, which it has already separated out as discontinued operations on its balance sheet. Philips also hasn't yet sorted out its strategic plans for its remaining Lighting business, which it said it will separate out during the first half of 2016.
Amid a recent flurry of healthcare company consolidations, buyouts and sales this year, interest in snapping up Unilabs is heating up following last month's news that the Swiss diagnostics company was for sale.
Shire's been quiet on the Baxalta front for a while now, but that doesn't mean its quest to buy the newly formed Illinois drugmaker is over.
Some industry watchers have predicted that Perrigo would make shareholder-friendly moves to persuade investors not to accept Mylan's hostile tender offer. And now--leading with job and cost cuts--the Dublin drugmaker is doing just that.
Teva's $40.5 billion deal for Allergan's generics company is going to help Allergan pay down much of its dealmaking debt. But in the meantime, the Israeli pharma needs some acquisition money of its own--and it's reportedly planning to raise as much as $7 billion this year to help fund the transaction.
Oncology genomics player NeoGenomics is slated to buy GE cancer diagnostic unit Clarient Diagnostic Services in a cash and stock deal worth about $300 million. That's an impressive feat given that NeoGenomics' market cap was less than $350 million prior to the deal announcement.
Some of Perrigo's shareholders have already spoken out against Mylan's hostile pursuit of the company. But now, Michigan Governor Rick Snyder is getting on board.
Back in 2013, Actelion launched Opsumit, a new-and-improved pulmonary arterial hypertension drug it hoped would help make up sales for its aging Tracleer. And so far, everything is going according to plan.