Wednesday, April 24, 2024

Since Lynparza® Is In The News, Today... We Will Rerun Ours, From 2018, On The Whole Long History Here -- Involving Merck/S-P...


FiercePharma has a story on Lynparza out this morning. It is overall immaterial to Merck, as the changing landscape described there. . . doesn't much move the needle as to Merck everall revenue before 2028 -- but it offers a chance to remind, about the longish, and tangled, various corporate histories, here. So. . . see below:

[Original dateline -- 12.03.2018:] If you were smart enough to buy in to Tesaro's Citi Morgan Stanley-managed IPO six years ago -- at $13.50/share (or even in the after-market at around $15), and hold -- today, you are pretty happy. . . as GSK is buying your holdings for $75/share -- all cash. That's a more than five-fold return, in under six years. Sweet.

Since Tesaro in-licensed several of the legacy Merck (and in the case of rolapitant, at least, legacy Schering-Plough) oncology related cast-offs, after the bust-up of Schering-Plough. . . in truth, we have watched this company's progress since at least March of 2010, on and off.

[Interestingly, and ironically (since Merck once owned it -- via S-P), the rolapitant program came to be a commercial competitor of Merck's Emend®, as a nausea treatment in chemo.] In any event, today we learn that, as part of Glaxo's retooling (shedding consumer health assets; fully redeploying into / entering oncology). . . Tesaro will become. . . GSK. And the nutritional beverages will be off-loaded. Here's a bit, from one of the many morning stories on it all:

. . . .GlaxoSmithKline is acquiring oncology firm Tesaro in a deal worth $5.1 billion just hours after announcing the sale of its health drinks business in India to Unilever for some $3.7 billion. . . .

“The proposed transaction significantly strengthens GSK’s pharmaceutical business, accelerating the build of GSK’s pipeline and commercial capability in oncology,” GSK said in a statement announcing the Tesaro deal early Monday. . . . It’s all cash with GSK paying $75 a share. . . .


It is said that dull people make their fortunes. . . in real estate (cough -- Trump!), while the sharp make theirs in the stock market. . . and the geniuses? Well. They make theirs trading life science companies, in that stock market. Heh. I honestly don't know anyone who said that, but it sounds good, today. Really stable. . . geniuses -- smile.

नमस्ते

4 comments:

Anonymous said...

on a different note: https://www.cnn.com/2024/04/23/world/nasa-jupiter-io-lava-lake-mountain-scn/index.html


Cheers~

condor said...

Excellent! -- I finally got one up, on your great obsidian lake story -- see above. . . and here:

https://shearlingsplowed.blogspot.com/2024/04/plus-video-courtesy-our-commenter-look.html

was a long day in court, today. . . but good result, and now relaxing -- with a root beer float! Heh. . . .

Anonymous said...

oooh...root beer...nice. Enjoy

condor said...

👊🏽👍🏽👊🏽