Want to join the conversation?
In 1Q16, $EW recorded $12.2MM in intellectual property-related expenses. Reported tax rate was 22% in the quarter. FX rates decreased 1Q16 sales by $9MM versus 1Q15. At current rates, company estimates minimal FX impact to 2016 sales versus 2015. FX rate had less than a $0.01 impact on EPS in 1Q16.
$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.