Auxilium Accepts Endo Offer, Dumps QLT Merger Plans
This article was originally published in The Pink Sheet Daily
Executive Summary
Endo seals the deal with Auxilium in a $2.6 billion acquisition that will add to its men’s health business and won’t prevent it from continuing on its M&A spree.
You may also be interested in...
QLT Shows Off Its Assets In Hopes Of Attracting A Suitor
The Canadian biotech has put itself on the block after a year of changes that have transformed the company from a commercial-stage entity with pipeline assets to a one-drug tax play.
Endo’s Next Chapter Will Be Led By CEO De Silva
Former Valeant President De Silva joins Endo in the midst of a challenging year for the company, as two top-selling drugs face generic competition. De Silva will need to reenergize Endo and do so quickly if he is to maintain the early favor he appears to have won from investors.
IPO Update: Patheon Public Once Again, Audentes To Move Into The Clinic
Two companies in the biopharma space began trading publicly this week, one to pay off debt, the other to fund an early-stage pipeline.