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$SGNT said total market sales for the five ANDAs are $340MM on a trailing twelve month basis. The portfolio is expected to generate $40-50MM in revenue on an annualized basis. $SGNT will finance the transaction through its existing $80MM revolving credit facility, which currently has no borrowings outstanding.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?