Acquisitions, Appointment, and Vaccine Recommendations - Research Reports on InterMune, Amgen, Johnson & Johnson, Merck and Medtronic
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NEW YORK, August 28, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding InterMune Inc. (NASDAQ: ITMN), Amgen, Inc. (NASDAQ: AMGN), Johnson & Johnson (NYSE: JNJ), Merck & Co., Inc. (NYSE: MRK) and Medtronic, Inc. (NYSE: MDT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6042-100free.
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InterMune Inc. Research Reports
On August 24, 2014, InterMune Inc. (InterMune) and Roche jointly announced that they have entered into a definitive merger agreement for the latter to fully acquire InterMune at a price of $74.00 per share in an all-cash transaction, which corresponds to a total transaction value of $8.3 billion on a fully diluted basis. InterMune reported that Roche's offer represents a premium of 38% to its closing price on August 22, 2014 and a premium of 63% to its unaffected closing price on August 12, 2014. According to the terms of the agreement, Roche will commence a tender offer no later than August 29, 2014, to acquire all outstanding shares of InterMune common stock, and InterMune will file a recommendation statement containing the unanimous recommendation of the Company's Board that InterMune's shareholders tender their shares to Roche. The Companies plan to close the transaction in 2014, subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions. On August 25, 2014, the Company's stock skyrocketed 35.41% to end the session at $72.85. The full research reports on InterMune are available to download free of charge at:
http://www.analystsreview.com/Aug-28-2014/ITMN/report.pdf
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Amgen, Inc. Research Reports
On August 19, 2014, Amgen Inc. (Amgen) announced the appointment of Elliott M. Levy, M.D., as the Senior Vice President, Global Development, effective September 8, 2014. Prior to joining Amgen, Elliott M. Levy was working with Bristol-Myers Squibb, where he most recently served as Senior Vice President and Head, Specialty Development. Sean E. Harper, M.D., Executive Vice President of Research and Development at Amgen, said, "Elliott brings a wealth of development and leadership experience to his new role at Amgen. His track record shows his success in leading major clinical development programs, and we're confident that he will help Amgen to serve patients by advancing the large number of potential new medicines in our late-stage pipeline." The full research reports on Amgen are available to download free of charge at:
http://www.analystsreview.com/Aug-28-2014/AMGN/report.pdf
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Johnson & Johnson Research Reports
On August 25, 2014, Johnson & Johnson (Johnson & Johnson) reported that its subsidiary Janssen Pharmaceutical Companies' affiliate Cilag GmbH International (Cilag) has acquired Covagen AG (Covagen), a privately-held, bio-pharmaceutical company specializing in the development of multispecific protein therapeutics through the FynomAb® technology platform. The Company stated that Covagen's lead product, COVA 322, a bispecific anti-tumor necrosis factor (TNF)-alpha/anti-interleukin (IL)-17A FynomAb, is in Phase 1b study for psoriasis and holds potential as a treatment for a broad range of inflammatory diseases including rheumatoid arthritis. Susan B. Dillon, Ph.D., Global Therapeutic Area Head, Immunology, Janssen Research & Development, LLC, said, "We look forward to progressing COVA 322 development, and to further expanding the potential of multispecific biologics for immunologic and other diseases." The full research reports on Johnson & Johnson are available to download free of charge at:
http://www.analystsreview.com/Aug-28-2014/JNJ/report.pdf
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Merck & Co., Inc. Research Reports
On August 13, 2014, Merck & Co., Inc. (Merck) issued a statement regarding the U.S. Centers for Disease Control and Prevention's (CDC's) Advisory Committee on Immunization Practices' (ACIP's) updated pneumococcal vaccine recommendations for adults 65 years of age and older. The Company stated that the recommendations call for a two vaccine regimen utilizing a dose of the pneumococcal conjugate vaccine followed by a dose of Merck's PNEUMOVAX® 23, at an interval to be determined by the ACIP, in adults 65 years of age and older who have not previously received pneumococcal vaccine. Further, ACIP also voted that these recommendations for routine use of the pneumococcal conjugate vaccine in adults 65 years of age and older should be reevaluated in 2018 and revised as needed. ACIP will continue to monitor disease trends and the impact of these new recommendations. The full research reports on Merck are available to download free of charge at:
http://www.analystsreview.com/Aug-28-2014/MRK/report.pdf
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Medtronic, Inc. Research Reports
On August 26, 2014, Medtronic, Inc. (Medtronic) announced that it has acquired Sapiens Steering Brain Stimulation (Sapiens SBS), a privately held developer of deep brain stimulation (DBS) technologies for c.$200 million in an all-cash transaction. The Company stated that the acquisition will strengthen its capabilities in an important, emerging field of medicine - the modulation of brain function. Lothar Krinke, Ph.D., Vice President and General Manager of the Brain Modulation Business at Medtronic, said, "This acquisition broadens our neuroscience leadership position with innovative brain modulation technology that, along with our comprehensive portfolio of DBS solutions, may one day transform the way physicians are able to treat patients with neurodegenerative diseases like Parkinson's disease and essential tremor." The full research reports on Medtronic are available to download free of charge at:
http://www.analystsreview.com/Aug-28-2014/MDT/report.pdf
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