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Alright, who invested in Tobira (TBRA) today- up 719% as of noontime
Posted on 9/20/16 at 11:06 am
Posted on 9/20/16 at 11:06 am
LINK
LINK
quote:
NEW YORK (TheStreet) -- Shares ofAllergan (AGN) were falling in early-morning trade Tuesday after the pharmaceutical company agreed to buyTobira Therapeutics (TBRA) for as much as $1.695 billion.
Allergan will pay $28.35 per share in cash, or up to $49.84 per share if Tobira hits certain development, regulatory and sales goals.
Tobira is a biopharmaceutical company developing therapies for non-alcoholic fatty liver disease.
If Tobira fails to meet contingency goals, the lower deal price still represents a roughly 500% premium over its closing price yesterday of $4.74 per share.
LINK
1
Posted on 9/20/16 at 11:08 am to NYNolaguy1
quote:
developing therapies for non-alcoholic fatty liver disease.
I don't know anything about either company, but that is a very large and growing market.
Posted on 9/20/16 at 11:14 am to MSMHater
isnt that NASH what GILD was after?
Posted on 9/20/16 at 12:15 pm to dabigfella
quote:
isnt that NASH what GILD was after?
Correct. But I don't think it ever made it to market. And it was more to treat the cirrhosis caused by NASH.
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