Seeking Alpha

GSK
GlaxoSmithKline

5/24/2012, 2:12 PM ET
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GSK Market Currents more »
  • 12:07 PM Human Genome (HGSI -2.4%) slips on a BMO downgrade to Market Perform. THe firm believes the risk of GlaxoSmithKline (GSK) dropping its offer has increased and the likelihood of an significant price increase or a contingent value right for darapladib has been reduced. The firm lowers its price target to $13 from $17. [Healthcare, On the Move]
  • Wednesday 8:55 AM GSK (GSK) ammends the conditions of its $2.6B tender offer for Human Genome (HGSI), requiring that the latter redeem or invalidate its poison pill. [Healthcare, M&A]
  • Monday 8:51 AM Auxilium (AUXL) and GSK plan to jointly sell Auxilium's testosterone gel, Testim, in the U.S. under a deal that will last till Sept. 2015. Also, Auxilium narrows its FY net loss forecast to $5M-$10M from previous guidance of $5M-$15M and raises its revenue forecast to $293M-$315M from $283M-$305M. Consensus is $299.2M. (PR) [Healthcare]
GSK News more »
GSK Instablog posts more »
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