Leadership Appointments, Approved Acquisitions, Licensing Agreements, Technical UPdate, and Response to Tender Offer Announcement - Analyst Notes on Actavis, Forest, Vertex, MannKind and Gentiva
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NEW YORK, June 26, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Actavis plc (NYSE: ACT), Forest Laboratories Inc. (NYSE: FRX), Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX), MannKind Corp. (NASDAQ: MNKD) and Gentiva Health Services Inc. (NASDAQ: GTIV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4129-100free.
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Actavis plc Analyst Notes
On June 23, 2014, Actavis plc (Actavis) together with Forest Laboratories Inc. (Forest) announced that C. David Nicholson, PhD has been appointed as Senior Vice President, Actavis Global Brands R&D following the close of Actavis' planned acquisition of Forest, effective August 4, 2014. In this new position, Dr. Nicholson will lead the global teams focused on developing Actavis' significantly expanded branded R&D portfolio, as well as defining long-term product development strategies and collaborations. "David is a seasoned R&D leader who has transformed organizations into drug development powerhouses," said Brent Saunders, CEO and President at Forest. "He brings an exceptional track record spanning more than 30 years in the industry to this critical brand product development position within the new Actavis. His expertise in the development of a diverse portfolio of products including treatments in women's health, psychiatry, cardiovascular, anesthesiology and immunology, matches exceptionally well with our current portfolio, as well as our therapeutic category focus." Dr. Nicholson is currently the Chief Technology Officer, Executive Vice President R&D of Bayer Crop Sciences. The full analyst notes on Actavis are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/ACT/report.pdf
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Forest Laboratories Inc. Analyst Notes
On June 17, 2014, Forest Laboratories Inc. (Forest) reported that shareholders of the Company as well as that of Actavis plc (Actavis) have approved the planned acquisition of the Company by the latter. Actavis' and Forest's shareholder approvals satisfy certain conditions to the closing of the transaction, which is expected to occur at mid-2014. The full analyst notes on Forest are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/FRX/report.pdf
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Vertex Pharmaceuticals Incorporated Analyst Notes
On June 18, 2014 Vertex Pharmaceuticals Inc. (Vertex) announced that it has entered into a licensing agreement with Janssen Pharmaceuticals, Inc. (Janssen) for the worldwide development and commercialization of VX-787, one of Vertex's discoveries of a novel medicine for the treatment of influenza. Under the terms of agreement, Vertex will receive an up-front payment of $30 million from Janssen and has the potential to receive additional development and commercial milestone payments as well as royalties on future product sales. "With a deep history in developing new medicines for viral infections and diseases, Janssen is well-positioned to advance the global development of VX-787 for the treatment of influenza," said Jeffrey Leiden, M.D., Ph.D., Chairman, President and CEO of Vertex. "This collaboration provides important support for the continued development of VX-787 in influenza and contributes to our financial strength to enable continued investment in our key development programs for cystic fibrosis and in research aimed at discovering new medicines." The full analyst notes on Vertex are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/VRTX/report.pdf
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MannKind Corp. Analyst Notes
On June 23, 2014, MannKind Corp.'s stock increased 3.67% to end the day at $10.73 compared to the previous day's closing price at $10.35. The Company's stock grew 1.80% over the past three trading days compared to the Nasdaq Composite which rose 0.13% during the same trading period. The full analyst notes on MannKind are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/MNKD/report.pdf
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Gentiva Health Services Inc. Analyst Notes
On June 16, 2014, Gentiva Health Service Inc. (Gentiva) reported that it has urged the Company's shareholders to take no step in response to tender offer announcement by Kindred Healthcare, Inc. (Kindred). According to Gentiva, Kindred intend to commence a tender offer to acquire all of the outstanding shares of Gentiva common stock for $14.50 per share in cash. The Company informed that its Board of Directors will review all aspects of the proposed offer with its financial and legal advisors and make a recommendation to Gentiva shareholders, which will be outlined in a Statement on Schedule 14D-9 to be filed with the Securities and Exchange Commission within 10 business days of commencement of the Tender Offer. The full analyst notes on Gentiva are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/GTIV/report.pdf
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