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
