Moore Medical bid yields more
This article was originally published in The Gray Sheet
Executive Summary
SJ Strategic Investments signs confidentiality pact with the "internet-enabled" medical product distributor to enable due diligence proceedings in connection with a $15-per-share bid Jan 21. The deal is worth about $48 mil., based on Moore's roughly 3.2 mil. shares outstanding. The offer represents 25% more than McKesson's definitive, $12-per-share purchase deal Jan. 19. The bids have since driven Moore's stock up 25% to the $14-range. Moore maintains both offers are still under review...
You may also be interested in...
US Q1 Consumer Health Earnings Preview: Label This One Historic And Challenging But Promising
US OTC drug and supplement firms’ reports of results for the first three months of 2024 began on April 19 with P&G. JP Morgan analysts say while “some retailers in the US in particular” are reducing consumer health inventories, for the overall sector they expect “a healthier balance of positive volume and lower pricing contribution.”
Keeping Track: Cancer Approvals From Lumisight Imaging To Adjuvant Alecensa
The US FDA’s approval of Lumicell’s optical imaging agent Lumisight makes a dozen novel approvals in 2024 for the Center for Drug Evaluation and Research.
Partisan Politics Returns To US FDA Congressional Oversight
The US FDA has stood out as an agency that tends to draw broad bipartisan support amid a generally rancorous and divided Congress. A House hearing, however, may be a sign that those days are over.