Acquisitions, Clinical Study Results, Dividends, and Technical Updates - Research Reports on Mallinckrodt, Celgene, Actavis, UnitedHealth and Bristol-Myers
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NEW YORK, August 21, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Mallinckrodt PLC (NYSE: MNK), Celgene Corporation (NASDAQ: CELG), Actavis plc (NYSE: ACT), UnitedHealth Group Inc. (NYSE: UNH) and Bristol-Myers Squibb Co. (NYSE: BMY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5877-100free.
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Mallinckrodt PLC Research Reports
On August 14, 2014, Mallinckrodt PLC (Mallinckrodt) announced that it has completed the acquisition of Questcor Pharmaceuticals, Inc. (Questcor) for approximately $5.8 billion in a cash and stock transaction. The Company informed that the merger was approved by the shareholders of both the companies. According to the terms of the agreement, Questcor shareholders will receive $30.00 in cash and 0.897 of a Mallinckrodt ordinary share for each Questcor share. The Company further informed that the acquisition is expected to be immediately accretive to Mallinckrodt's FY 2014 adjusted diluted EPS and significantly accretive to its adjusted diluted EPS in FY 2015. Mark Trudeau, President and CEO, Mallinckrodt, said, "We are pleased to complete this transformative transaction and believe it will provide a strong, durable, well-diversified and sustainable platform, capable of generating significant future revenue and earnings growth for Mallinckrodt shareholders." The full research reports on Mallinckrodt are available to download free of charge at:
http://www.analystsreview.com/Aug-21-2014/MNK/report.pdf
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Celgene Corporation Research Reports
On August 19, 2014, Celgene Corporation (Celgene) announced the online publication of the results of a study evaluating the combination of REVLIMID® (lenalidomide) with rituximab, cyclophosphamide, doxorubicin hydrochloride, vincristine sulfate and prednisone (R-CHOP) in untreated diffuse large b-cell lymphoma (DLBCL), ahead of print in the Journal of Clinical Oncology. The Company stated that in a phase II, open label, single arm study, by Dr. Grzegorz Nowakowski of the Mayo Clinic, the overall response (OR) rate was 98% (59/60) and complete response (CR) rate was 80% (48/60). Dr. Nowakowski commented, "This study demonstrated that the addition of lenalidomide to conventional R-CHOP resulted in similar PFS rates and OS rates between sub-types. This is intriguing as patients with the non-GCB phenotype have traditionally experienced poorer outcomes. The results of this study support further evaluation of this regimen in this sub-type of DLBCL." The full research reports on Celgene are available to download free of charge at:
http://www.analystsreview.com/Aug-21-2014/CELG/report.pdf
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Actavis plc Research Reports
On August 19, 2014, Actavis plc (Actavis) announced the positive topline results from RECLAIM-1 and -2, pivotal Phase III studies which evaluated the potential for the investigational antibiotic, ceftazidime-avibactam as a treatment for adult hospitalized patients suffering from complicated intra-abdominal infections. The Company informed that in the RECLAIM-1 and RECLAIM-2 Phase III studies, ceftazidime-avibactam met the objective of statistical non-inferiority compared to meropenem. The primary endpoint was a clinical cure rate 28 to 35 days after randomization (the Test of Cure visit). Ceftazidime-avibactam was also effective in treating cIAI patients infected with ceftazidime-resistant bacteria. Commenting on the results, David Nicholson,PhD, Senior Vice President, Actavis Global Brands R&D, "We are very pleased by these results, which support the potential of ceftazidime-avibactam as a new treatment option for patients with these serious and life-threatening intra-abdominal infections." The full research reports on Actavis are available to download free of charge at:
http://www.analystsreview.com/Aug-21-2014/ACT/report.pdf
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UnitedHealth Group Inc. Research Reports
On August 13, 2014, UnitedHealth Group Inc. (UnitedHealth) announced that the Company's Board of Directors authorized a Q3 2014 dividend of c.$0.38 per share on its common stock on August 12, 2014. The authorized dividend will be paid on September 23, 2014 to shareholders of record as on September 12, 2014. The full research reports on UnitedHealth are available to download free of charge at:
http://www.analystsreview.com/Aug-21-2014/UNH/report.pdf
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Bristol-Myers Squibb Co. Research Reports
On August 18, 2014, Bristol-Myers Squibb Co.'s (Bristol-Myers) stock moved up 0.62% to end the trading session at $49.99, following the S&P 500 that moved up 0.85% over the same trading session. Shares in Bristol-Myers opened the session at $49.94 and fluctuated between $49.77 and $50.13. The stock has a 52-week high of $57.49 and a 52-week low of $41.11. Over the past one month, the stock has returned 1.77%, outperforming the S&P 500 that lost 0.33% over the same time period. The full research reports on Bristol-Myers are available to download free of charge at:
http://www.analystsreview.com/Aug-21-2014/BMY/report.pdf
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