Wholesale drug distributors announce agreement that calls for Cardinal to acquire all of Solomons stock in exchange for 849,364 Cardinal common shares, worth $23.5 mil. based on the stock price on March 11. Cardinal has 22.7 mil. shares fully diluted. The acquisition is expected to be completed by mid-April. Solomons' existing management will remain and the company will continue to operate as an independent entity. Savannah, Ga.-based Solomons serves Georgia, Florida, South Carolina and sections of adjoining states from its 98,000 square foot facility. Solomons has annualized revenues of about $180 mil.
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Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
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A new pilot aims to take Brazil closer to ‘digital transformation.’
Stay up to date on regulatory guidelines from around the world with the Pink Sheet’s Guidance Tracker. The complete Global Pharma Guidance Tracker, with sortable and searchable listings going back to 2014, is available online.
Following EU approval of the first disease-modifying treatment for Alzheimer’s disease, and with a second expected soon, the European Medicines Agency plans to update its guidance to support the design of state-of-the-art clinical trials for the disease and enhance drug development.
50% tariffs on US imports from India, a range on others, an uncertain outcome of Section 232 investigations of pharma and talk of BRICS tariffs are making the forecasting environment for the pharma industry extremely difficult, the Pink Sheet finds in this infographic analysis.
