Acquisitions, Senior Level Promotions, Public Offering, and Drug Approvals - Research Reports on Acorda, Alexion, Envision, Lilly and Avanir
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NEW YORK, September 29, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Acorda Therapeutics, Inc. (NASDAQ: ACOR), Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN), Envision Healthcare Holdings, Inc. (NYSE: EVHC), Eli Lilly and Company (NYSE: LLY) and Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6820-100free.
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Acorda Therapeutics, Inc. Research Reports
On September 24, 2014, Acorda Therapeutics, Inc. (Acorda) announced that it has entered into an agreement to acquire privately-held biopharmaceutical firm Civitas Therapeutics for $525 million in cash. The acquisition will give Acorda worldwide rights to CVT-301 -- a Phase III treatment candidate for episodes of Parkinson's disease, and Civitas' proprietary ARCUS pulmonary delivery technology and manufacturing facility in Chelsea, Massachusetts. Following the announcement, shares of Acorda closed with a gain of 28.18% at $37.62. Commenting on the acquisition, Acorda's President and CEO, Ron Cohen, M.D. said, "This acquisition marks a great day for Acorda and Civitas. Both companies share a passion for developing novel therapies that can restore function to people with neurological diseases." The acquisition is expected to be completed in the Q4 2014. The full research reports on Acorda are available to download free of charge at:
http://www.analystsreview.com/Sep-29-2014/ACOR/report.pdf
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Alexion Pharmaceuticals, Inc. Research Reports
On September 17, 2014, Alexion Pharmaceuticals, Inc. (Alexion) announced a series of senior-level promotions and a new hiring, aimed at strengthening its Executive Leadership Team. Alexion said that David Hallal, who previously served as the Executive Vice President and Chief Commercial Officer, has been promoted to a newly created position of Chief Operating Officer and has been appointed to Alexion's Board of Directors. Clare Carmichael has been promoted to Executive Vice President and Chief Human Resources Officer (CHRO) from her previous position of Senior Vice President and CHRO. John Moriarty, J.D. has been elevated to the post of Executive Vice President and General Counsel from his previous position of Senior Vice President and General Counsel. Additionally, the Company has hired Edward Miller, J.D. for the newly created position of Senior Vice President and Chief Compliance Officer. All four executives will report directly to Alexion's CEO Leonard Bell, M.D. The full research reports on Alexion are available to download free of charge at:
http://www.analystsreview.com/Sep-29-2014/ALXN/report.pdf
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Envision Healthcare Holdings, Inc. Research Reports
On September 23, 2014, Envision Healthcare Holdings, Inc. (Envision) announced the sale of an aggregate of 17.5 million shares of the Company's common stock by investment funds associated with Clayton, Dubilier & Rice, LLC, and certain executive officers and directors of the Company (Selling Stockholders) to Citigroup as the sole underwriter in the registered public offering of those shares. Envision clarified that all the net proceeds from this offering will go to selling shareholders. No shares are being sold by the Company. On September 24, 2014, shares of Envision fell 4.39% to close at $34.22. The full research reports on Envision are available to download free of charge at:
http://www.analystsreview.com/Sep-29-2014/EVHC/report.pdf
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Eli Lilly and Company Research Reports
On September 18, 2014, Eli Lilly and Company (Lilly) announced that the U.S. Food and Drug Administration (FDA) has approved Trulicity (dulaglutide) - the Company's latest treatment option for adults with type II diabetes. Lilly said that Trulicity 0.75 mg and 1.5 mg single-dose pens will be made available for adults in the U.S. later this year. "We are delighted with the approval of Trulicity. Lilly now has treatment options in several classes of diabetes medications: orals, GLPs and insulin," said Enrique Conterno, President, Lilly Diabetes. "Trulicity will help grow the GLP-1 receptor agonist class as a new choice for adults with type 2 diabetes," Conterno added. The full research reports on Lilly are available to download free of charge at:
http://www.analystsreview.com/Sep-29-2014/LLY/report.pdf
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Avanir Pharmaceuticals, Inc. Research Reports
On September 23, 2014, Avanir Pharmaceuticals, Inc. (Avanir) announced the pricing of an underwritten public offering of 18.2 million shares of its common stock at a price to the public of $11.00 per share, before underwriting discounts. In addition, Avanir has granted the underwriters a 30-day option to purchase up to an additional 2.73 million shares of its common stock in connection with the offering. Avanir intends to use the net proceeds for general corporate purposes, which include funding NUEDEXTA commercial activities, funding ongoing and future clinical trials, funding the commercial launch of AVP-825, if approved, and for general and administrative expenses. Avanir said that it may also utilize a portion of the net proceeds to pay off debt and/or acquire complementary businesses, products and technologies. The full research reports on Avanir are available to download free of charge at:
http://www.analystsreview.com/Sep-29-2014/AVNR/report.pdf
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