Hello, everyone, and how are you today? A warm and shiny sun is enveloping the Pharmalot campus this morning, which is a welcome relief given the recent temperatures. We were already warming up, however, with a few cups of delicious stimulation. Our choice today is blueberry, for those interested in such things. Please do join us. After all, firing up the neurons can be a worthwhile exercise. Meanwhile, here is the latest menu of tidbits. We hope you have a grand day or, at least, survive. And if you do, by all means, keep in touch …
Shire (SHPG) has rejected a third offer from Takeda Pharmaceutical (TKPYY), arguing the latest bid from the Japanese drug maker, which was $60 billion, continues to significantly undervalue the company and its growth prospects and pipeline. Takeda has an April 25 deadline to strike a deal. Takeda has been ramping up its takeover ambitions as the company seeks growth overseas amid patent expirations and a shrinking domestic population. Takeda would gain new assets in gastrointestinal diseases and nervous-system ailments, and key treatments that are in the late stages of testing, Bloomberg News points out.
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One must observe that the Pharmalot campus must be a magic place indeed! While our scribe is blessed with warmth and sun, the rest of the area (based on personal observations and the NOAA website) has had clouds, rain and fog pre-sunrise until now.