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Valeant Pharma Agrees to Divest Obagi Medical Products Business

Valeant Pharma Agrees to Divest Obagi Medical Products Business

July 17, 2017 at 4:45 pm 0 comments

Shares of Valeant Pharmaceuticals International (VRX) were barely higher pre-market Monday after the Canada-based drug maker said it agreed to sell its Obagi Medical Products business to Haitong International Zhonghua Finance Acquisiiton Fund I for $190 million in cash. The fund counts China Regenerative Medicine International as one of its limited partners. Valeant said it will use the proceeds fromRead More

Magellan Health Buys Senior Whole Health

Magellan Health Buys Senior Whole Health

July 13, 2017 at 4:23 pm 0 comments

Magellan Health, a health care benefits administrator, said it has agreed to acquire Senior Whole Health, a healthcare company focused on serving complex, high-risk populations for $400 million, inclusive of a $10 million contingent payment. The deal is expected to close by the end of Q1 2018. Magellan said it expects full year 2017 revenue for Senior Whole Health ofRead More

Applied DNA Sciences To Provide Certification Services For GHCL Products

Applied DNA Sciences To Provide Certification Services For GHCL Products

July 11, 2017 at 4:18 pm 0 comments

Applied DNA Sciences Tuesday reported a multi-year license agreement with GHCL, an India-based manufacturer of home textiles, to provide “CertainT” platform services in connection with source-verified, polyethylene terephthalate (PET) and recycled PET in home textile products. No terms disclosed. PET is the clear plastic most commonly seen in water bottles, but which can be made into other products, such asRead More

Asian ADRs Slip Lower

Asian ADRs Slip Lower

July 7, 2017 at 3:14 pm 0 comments

American depository receipts of Asian stocks were trading 0.13% lower at 158.89 on the Bank of New York Mellon Asia ADR Index on Friday. In North Asia, the gainers were led by biopharmaceutical company Beigene (BGNE), and aluminum producer Aluminum Corporation of China (ACH), which rose 4.3% and 3.3% respectively. They were followed by Baozun (BZUN), a brand e-commerce solutionsRead More

Belden Reports Final Results of Tender for Notes Due 2022

Belden Reports Final Results of Tender for Notes Due 2022

July 6, 2017 at 4:12 pm 0 comments

Belden Inc reported Thursday morning the final results of its previously announced offer to purchase any and all of its outstanding 5.5% senior subordinated notes due 2022. The tender offer expired at 5:00 p.m. ET on July 5. Belden says it received tenders from holders of $581.1 million aggregate principal amount, representing approximately 83.02% of the aggregate principal outstanding ofRead More