The American pharmaceutical company Bristol-Myers Squibb announced that it will buy biotech MyoKardia for $ 13.1 billion. Quotes of the MyoKardia at the previous trading increased by 59%.
Bristol will pay $ 225 for each share of the MyoKardia, corresponding to 61% premium to the value of the company’s securities at the close of trading on Friday ($ 139.6 per piece).
The agreement will allow for the Bristol to gain the control of the experimental drug MyoKardia for heart disease, which, if approved, will give the company the opportunity to reduce its dependence on the cancer therapy. Drugs in this area accounted for more than $ 16 billion of the approximately $ 20 billion in the revenue that Bristol received in the first half of this year.
Mavacamten drug treats the chronic heart disease, which can lead to the heart of the rhythm disturbances in some patients and even to the death.
Sales of the drug in the world may exceed $ 1.5 billion by 2025, writes The Wall Street Journal with the reference to the forecast of analysts BMO Capital Markets.
Bristol plans to get the approval for the use of the drug from the US health regulators next year, said the head of the company Giovanni Caforio. Bristol is counting on its approval with the acquisition of the MyoKardia, which will allow it to expand its portfolio of the heart disease drugs.
The Uber company, specializing in the online service personal drivers, announced that on June 30 presents will launch of its project in Kiev. According to the company’s press service, the visit the Ukrainian capital of European leadership, however, the details of the visit aren’t informed. The mass-media reported that Uber can expand its service to […]
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Quotes of the Bed Bath & Beyond jumped from 33.47% to $ 19.99 according to the trading data. Papers are growing due to the strong report for the second quarter of 2020. The Bed Bath & Beyond chain announced the first increase in the in-store sales in almost four years. The jump in the revenue […]
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Recently, according to informed sources, the major Korean automakers Hyundai Motor and Kia Motors announced the purchase of the financial corporation Hyundai Capital from General Electric. The transaction price is generally $ 599,5 million. (Hyundai will pay $ 81,800,000 for 3% of shares, and the company Kia Motors will acquire a 20% stake for $ […]
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Ukrainian Network of supermarkets Novus gets a new CEO in the person of Mark Petkevich. His predecessor, Ihor Landa is leaving the post. The new ruler of Novus Ukraine, which has held the position of executive director of the network since September 2015, will enter the status of the General on January 19 this year. […]
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Pornhub has released the Christmas mercury collection XXXMas Collection. The company posted information about the holiday range on its website. The collection includes Christmas sweaters made of acrylic yarn in three colors: branded black and orange, red and white and green. Also on the site you can buy a hat, scarf, pants with the Pornhub […]
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IPO Snowflake, which will take place on the NYSE, will be held at the higher price than announced in early September. On Monday, according to SEC applications, Snowflake, a company that makes storage software, raised its projected stock price to $ 100- $ 110, while the market valuation of the company could grow to $ […]
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Large tobacco company Philip Morris couldn’t prove that the new Australian legislation, which involves standardized packs for all manufacturers of cigarettes, violates the intellectual property rights of the brand. The company filed a lawsuit against the Government of Australia to the arbitration court in Singapore, that refused to consider the case on the grounds that […]
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The AMCU has fined the “Darnitsa” pharmaceutical company for more than 20 thousand UAH due to the violation of the law “On Protection of Economic Competition” in the form of the acquisition of 30% stake in the “Borshagovskyi CPP”, JSC (Kyiv) without relevant regulatory approval. This was reported by the press service of the AMCU. […]
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On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8th International Solar Energy Conference and Trade Show of Central and Eastern Europe. Today solar energy development is one of priority areas for investors in the […]
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In March, the American aerospace corporation Boeing delivered to customers 29 aircraft comparing to 20 in March last year. The company has maintained positive dynamics for the second month in a row, Reuters reported the day before. In the first quarter, Boeing delivered 77 aircraft against 50 a year earlier. Also in late March, the […]
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According to information provided by the consulting firm M & A Ukraine, last year was quite successful for the national business in terms of number of deals. Foreign investors have renewed their interest in the Ukrainian market and are willing to invest in its development. The apparent leader of the 2016 year in terms of […]
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A serious scandal, which erupted in the Ternopil region, and subsequently has covered the whole territory of Ukraine, continues to grow. In the night of 2 to 3 July 2016, on the motor company which is owned LLC GLOBAL FID, attacked by a group of armed young people, in an amount of about 50 people, […]
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Ihor Doroshenko has been left in the predetention center. The appellate court of Kyiv rejected a request of Ihor Doroshenko, an ex-chairman of the board of Mikhaylovsky bank to be entitled to plead and left it in the predetention center — the press service of Appellate court of the Kyiv city reports. Therefore, the judge’s […]
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The Government of Canada and, directly, the municipality of the largest city Toronto will help to improve automotive industry Honda. This information is provided by investment portal InVenture Ukraine. It is known that the forward Japanese manufacturer of motorcycles and automobiles will invest in their businesses in the central Canadian provinces – Ontario (Mr. Elliston) […]
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The Nord Stream-2 project is already 95% built. Russian Deputy Prime Minister Alexander Novak said so. Novak is confident that the pipeline will be completed, despite US actions. “This project is fully compliant with European law. It is just a competition from American partners. They want to supply their liquefied natural gas to Europe. That […]
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The profits of the American technology companies Apple, Microsoft and Alphabet increased significantly in the second quarter of 2021. This was reported by the BBC. It is noted that Apple’s profits have increased to 21.7 billion US dollars over the past three months amid an increase in purchases of 5G iPhone. Microsoft generated $ 16.5 […]
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