Drug Application Submission, Merger Agreement, Launch of Newly Approved Drug, and Acquisition - Analyst Notes on Actavis, Salix, Mylan, Zoetis and Hospira
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NEW YORK, July 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Actavis plc (NYSE: ACT), Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP), Mylan Inc. (NASDAQ: MYL), Zoetis Inc. (NYSE: ZTS) and Hospira, Inc. (NYSE: HSP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4724-100free.
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Actavis plc Analyst Notes
On July 8, 2014, Actavis plc (Actavis) announced that it has filed an Abbreviated New Drug Application (ANDA) with the FDA for the approval to market Dalfampridine Extended-release Tablets, 10mg, which is a generic version of Acorda Therapeutics' Ampyra - a treatment to improve walking in patients with multiple sclerosis. As a result, Acorda Therapeutics filed suit against the Company on July 7, 2014 seeking to prevent Actavis from commercializing its ANDA product prior to the expiration of certain US Patents. The lawsuit was filed under the provisions of the Hatch-Waxman Act, resulting in a stay of final FDA approval of Actavis' ANDA until July 22, 2017. According to the Company, the available information makes it believe that it may be a first applicant to file an ANDA for the generic version of Ampyra and, following ANDA approval, may be entitled to 180 days of generic market exclusivity. The full analyst notes on Actavis are available to download free of charge at:
http://www.analystsreview.com/Jul-14-2014/ACT/report.pdf
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Salix Pharmaceuticals, Ltd. Analyst Notes
On July 8, 2014, Salix Pharmaceuticals, Ltd. (Salix) announced a definitive merger agreement with Cosmo Pharmaceuticals S.p.A. (Cosmo), under which Salix will combine with Cosmo's subsidiary Cosmo Technologies Limited (Cosmo Tech). Under the terms of the agreement, Salix will become a wholly-owned subsidiary of Cosmo Tech, and will change its name to Salix Pharmaceuticals, plc, which is expected to have its ordinary shares listed and traded on the NASDAQ Global Select Market. Further, Salix expects the transaction to be modestly accretive to its EPS in 2016 and increasingly accretive thereafter. The full analyst notes on Salix are available to download free of charge at:
http://www.analystsreview.com/Jul-14-2014/SLXP/report.pdf
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Mylan Inc. Analyst Notes
On July 8, 2014, Mylan Inc. (Mylan) announced the launch of Telmisartan Tablets USP, 20mg, 40mg, and 80mg, the generic version of Boehringer Ingelhem's Micardis Tablets. Mylan informed that it has received final approval from the FDA for its ANDA for Micardis, which is indicated for the treatment of hypertension, to lower blood pressure. The full analyst notes on Mylan are available to download free of charge at:
http://www.analystsreview.com/Jul-14-2014/MYL/report.pdf
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Zoetis Inc. Analyst Notes
On June 30, 2014, Zoetis Inc. (Zoetis) announced that intends host a webcast and conference call on its Q2 2014 financial results on August 5, 2014, at 8:30 a.m. EDT. The call will be hosted by Zoetis CEO, Juan Ramon Alaix, and Senior Vice President of Operations and Acting CFO, Glenn David, who will together review the results and respond to analysts' questions. The full analyst notes on Zoetis are available to download free of charge at:
http://www.analystsreview.com/Jul-14-2014/ZTS/report.pdf
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Hospira, Inc. Analyst Notes
On July 4, 2014, Hospira, Inc. (Hospira) announced that it has completed the acquisition of an active pharmaceutical ingredient (API) manufacturing facility, located in Aurangabad, India, and an associated R&D facility, based in Chennai, India, from Orchid Chemicals & Pharmaceuticals Ltd. (Orchid) in a transaction valued at approximately $218 million, after settling prior advances of approximately $30 million. "Hospira's acquisition of the Orchid API facility will support supply continuity of key beta-lactam antibiotic products, improve our cost position and pave the way for future API development," said Dr. C. Bhaktavatsala Rao, President and Managing Director of Hospira India. The Company further noted that the transaction between Hospira and Orchid, originally announced in August 2012, has received all necessary regulatory and legal approvals. The full analyst notes on Hospira are available to download free of charge at:
http://www.analystsreview.com/Jul-14-2014/HSP/report.pdf
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