Healthcare Biz Recap: GSK Shakes on Human Genome, Express Scripts Desires a Date Walgreen
GlaxoSmithKline (NYSE:GSK) shares move lower Wednesday as the firm modifies the terms of its $2.6 billion tender offer for Human Genome (NASDAQ:HGSI), which require that its quarry redeem or invalidate its poison pill.
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Remarks of Express Scripts (NASDAQ:ESRX) CEO George Paz to the Wall Street Journal, include the fact he would “love to do a deal with Walgreen (NYSE:WAG)” that would bring back their expired contract, “if they’re willing to offer rates in line with everybody else.”. Paz also commented on the Medco merger, saying that while his company is frugal, Medco “had a different culture with respect to spending money”.
Shares of Incyte (NASDAQ:INCY) move down subsequent to a Morgan Stanley comment, that current consensus estimates don’t reflect myelofibrosis competition, which could affect the firm’s Jakafi sales.
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