On Tuesday, Shares of Gilead Sciences Inc. (NASDAQ:GILD), gained 4.52% to $105.20.
Bernstein analyst said Gilead should “pull the trigger” on a deal with Vertex.
“No company in our coverage or industry has such an abundance of cash, and simultaneously such clear cut need for externally attained drug revenue as Gilead Sciences,” wrote Bernstein’s Geoffrey Porges in a note to clients, citing what he anticipates to be the “inevitable simultaneous decline” of the company’s two key drug franchises for treating HIV and Hepatitis C.
Mr. Porges said that Gilead should address the threats to its franchises by buying up a companies this year with the “promise or high probability of an incremental $5-%7 billion in revenue.” Based on the premiums that recent biotech deals have fetched, Gilead will need to pay between $38 billion and $45 billion by his estimates to get a drug with $7 billion in revenue potential, he said.
He calls Vertex the most promising target because it’s one of the few independent assets of size in the pharma space. Moreover, Vertex’s entire franchise is focused on treating cystic fibrosis, where Gilead has a product and commercial infrastructure that would allow it to find synergies, he wrote.
Vertex shareholders may be willing to entertain an offer now because there are concerns that Vertex has pursued an “all-eggs-in-one-basket” strategy, he posits.
Vertex Pharmaceuticals Incorporated engages in discovering, developing, manufacturing, and commercializing small molecule drugs for patients with serious diseases in specialty markets.
Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical nee in North America, South America, Europe, and the Asia-Pacific.
Shares of Youku Tudou Inc. (NYSE:YOKU), gained 4.59% to $16.63, during its last trading session.
Heyi Pictures, the movie making division of Youku Tudou, declared six planned partnerships to bring quality IPs from across domains to the silver screen, expand the IP incubation process with capable partners, advance Heyi’s movie making capabilities and raise their joint audience base and monetization opportunities. The partnerships involve two IP providers, Mopian, and Readers Publishing and Media; IP incubation partner BlueVision Media; in addition to with three cross screen partners CCTV-6, AirMedia, and Fundamental Films.
Heyi Pictures will become Mopian’s exclusive Internet partner to develop its IPs into movies. As China’s leading internet novel organization, Mopian owns more than a dozen popular IPs and has an accumulated readership of over 300 million. The first batch of titles to be incubated are top viewed ones at qidian.com each surpassing 50 million views, counting Unlimited Terror, A Tale of the Dragon and Snake, and Yang God, which has been hailed as one of the top 4 Internet fantasies in China.
Readers Publishing and Media is a domestic media company conglomerate with eight partner publishing houses, 13 magazines, animations, and digital and outdoor media platforms. Readers will provide titles from its expansive library built over the last 30 years, which comprise over 300 literary titles focusing on highly popular themes in China - youth, love and suspense. BlueVision is reputed for its movie development capabilities, expertise in film production, in addition to a diverse and creative talent pool. Heyi Pictures, BlueVision and Readers will be complementary in brand, platform, creative process, operation and channel, and will work together to incubate popular IPs from Readers.
CCTV-6 is China’s national channel for movies, AirMedia is China’s largest airline advertising platform covering 90% of the digital air media market, and Fundamental Media is the largest operator of streaming and outdoor media for subways in China. Movies created and distributed on these platforms can reach as many as two billion views across all their screens and provide ubiquitous coverage for consumers.
Heyi Pictures will work with CCTV-6, AirMedia and Fundamental Media and leverage Youku Tudou, the parent company’s platform, to create the optimal distribution capability for movies to interface across multi-screen audiences. These movies will use traditional cinemas in addition to the various screens as distribution platforms and will also showcase and promote the artistic talents of China’s emerging directors.
Since the starting of 2014, Heyi Pictures and preceding movie center at Youku Tudou have co-produced 15 titles, collecting over RMB 4.3 billion at the Chinese box office. These partnerships are further implementation of its ambitious plan declared at Heyi Pictures’ launch, which is to produce a mix of 20+ silver screen movies, Internet movies, and movies incubated from popular IPs.
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables consumers to search, view, and share video content across various devices.
At the end of Tuesday’s trade, Shares of PACCAR Inc. (NASDAQ:PCAR), gained 4.45% to $66.72.
PACCAR’s Board of Directors declared a quarterly cash dividend of twenty-two cents ($.22) per share payable June 5, 2015 to stockholders of record at the close of business on May 19, 2015.
PACCAR Inc, together with its auxiliaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. It operates through three segments: Truck, Parts, and Financial Services.
Finally, ARM Holdings plc (NASDAQ:ARMH), ended its last trade with 4.38% gain, and closed at $53.60.
ARM Holdings, declared the acquisition of Wicentric, a Bluetooth® Smart stack and profile provider, and Sunrise Micro Devices (SMD), a provider of sub-one volt Bluetooth radio intellectual property (IP). Terms of the contracts have not been revealed. The IP of both companies will be integrated to form the ARM® Cordio™ portfolio. This portfolio will complement ARM’s existing processor and physical IP targeting end markets requiring low-power wireless communications such as the Internet of Things (IoT).
- Wicentric is a privately held provider of Bluetooth Smart software solutions focused on enabling the development of low-power wireless products. Their product line comprises Bluetooth protocol stack and profiles for creating interoperable smart products and the link layer for silicon integration.
- SMD is a privately held provider of radio IP solutions counting a pre-qualified, self-contained radio block and related firmware to simplify radio deployment. Central to all SMD radios is native sub-one volt operation. Operating below one volt enables the radio to run much longer on batteries or harvested energy.
The ARM Cordio portfolio is accessible for immediate licensing.
ARM Holdings plc, together with its auxiliaries, designs microprocessors, physical intellectual property (IP), and related technology and software. The company also sells development tools that enhance the performance of embedded applications.
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