Acquisition Agreements, Rejected Acquisition Tender Offers, Appointment, and Technical Updates - Research Reports on Pfizer, Gentiva, bluebird bio, Agios and AcelRx
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NEW YORK, July 23, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Pfizer Inc. (NYSE: PFE), Gentiva Health Services Inc. (NASDAQ: GTIV), bluebird bio, Inc. (NASDAQ: BLUE), Agios Pharmaceuticals, Inc. (NASDAQ: AGIO) and AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5013-100free.
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Pfizer Inc. Research Reports
On July 16, 2014, Pfizer Inc. (Pfizer) announced that it has entered into an agreement to acquire InnoPharma, Inc. (InnoPharma) for an upfront cash payment of $225 million, and up to $135 million of contingent milestone payments. Pfizer Global Established Pharma (GEP) Group President, John Young, said, "Today's announcement is an important milestone as we continue to look for innovative growth opportunities for our sterile injectables portfolio, which will increase to seventy three products with this acquisition. InnoPharma's technical capabilities in bringing complex generics to market, coupled with its strong talent and product pipeline, build on our efforts to develop and commercialize critically important medicines for the patients who need them." The full research reports on Pfizer are available to download free of charge at:
http://www.analystsreview.com/Jul-23-2014/PFE/report.pdf
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Gentiva Health Services Inc. Research Reports
On July 17, 2014, Gentiva Health Services Inc. (Gentiva) announced that its Board of Directors has unanimously determined to reject the partial tender offer from Kindred Healthcare, Inc. to acquire 14.9% of the outstanding shares of the Company for $16.00 per share in cash, upon careful consideration and consultation with the Company's legal and financial advisors. Gentiva informed that its Board determined that the offer significantly undervalues Company shares, is coercive and not in the best interests of its stockholders. Gentiva further stated that its Board has also received a proposal from a recognized owner, operator and investor in the sector to acquire all of the outstanding shares of the Company's common stock for $17.25 per share in cash, which the board will review carefully, in consultation with Company legal and financial advisors, in due course. Rod Windley, Gentiva Executive Chairman, said, "Regarding Kindred's amended partial Offer, the Board concluded based on thorough analysis that it still leaves a significant gap between the true value of Gentiva and the consideration being offered and is not in the best interests of Gentiva stockholders." The full research reports on Gentiva are available to download free of charge at:
http://www.analystsreview.com/Jul-23-2014/GTIV/report.pdf
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bluebird bio, Inc. Research Reports
On July 16, 2014, bluebird bio, Inc. (bluebird bio) announced that it has appointed Mark Vachon to its Board of Directors. Commenting on the appointment, Chief bluebird, Nick Leschly, stated, "We are delighted to welcome Mr. Vachon to our board. Mark's extensive global experience across healthcare in both general management and financial leadership positions will be invaluable to bluebird as we look to grow our business and potentially introduce innovative gene therapies to treat blood disorders, adrenoleukodystrophy and cancers." The full research reports on bluebird bio are available to download free of charge at:
http://www.analystsreview.com/Jul-23-2014/BLUE/report.pdf
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Agios Pharmaceuticals, Inc. Research Reports
On July 18, 2014, Agios Pharmaceuticals, Inc.'s stock increased by 11.83%, closing at $37.14 per share. Over the past three days the Company's stock dipped by 1.33% compared to the Nasdaq Composite which went up by 0.36% during the same period. The full research reports on Agios are available to download free of charge at:
http://www.analystsreview.com/Jul-23-2014/AGIO/report.pdf
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AcelRx Pharmaceuticals, Inc. Research Reports
On July 18, 2014, AcelRx Pharmaceuticals, Inc.'s stock reflected an increase of 11.68%, ending the day at $10.04 per share. In the past one month, the Company's stock slipped 10.12% compared to the Nasdaq Composite which increased by 1.52% during the same period. The full research reports on AcelRx are available to download free of charge at:
http://www.analystsreview.com/Jul-23-2014/ACRX/report.pdf
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