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Examples
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Indevus Pharmaceuticals, Inc. (collectively, the "Healthcare Companies").
Bill Singer: Insider Trading: Frequent Flyers, Potatoes and Macy's Bill Singer 2010
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Indevus Pharmaceuticals, Inc. (collectively, the "Healthcare Companies").
Bill Singer: Insider Trading: Frequent Flyers, Potatoes and Macy's Bill Singer 2010
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Last year, Endo Pharmaceuticals Inc. paid $370 million, or $4.50 in cash for Indevus Pharmaceuticals Inc, but agreed to pay an additional $3 per share if the FDA approves two Indevus drugs and sales cross certain milestones.
Genzyme Mulls Its Deal Options Gina Chon 2010
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The specialty pharmaceutical company offered $370 million, or $4.50 a share, for Indevus, which represents a 45% premium to the company's stock price Monday.
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Endo Chief Executive David Holveck said the company believed the expansion of its produce lines showed "significant growth potential because of the therapeutic value of the Indevus product portfolio."
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[The company announced Jan. 5 it will acquire Indevus Pharmaceuticals.]
Good Thoughts Lauren R. Rublin 2009
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Priced at 25 cents, the contracts make money if Indevus shares drop below $2.25.
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Indevus fell 30 cents, or 6.8%, to $4.10 in 4 p.m.
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With Indevus awaiting approval for its Nebido drug, options traders appeared bearish on the company and bought July $2.50 puts.
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Indevus Pharmaceuticals slid 2.84, or 69%, to 1.26, after the Lexington, Mass., biotechnology company said the Food and Drug Administration requested more safety data for its injectable testosterone medication, Nebido, delaying the drug's approval.
MBIA and Ambac Slide 2008
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