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Justice Department says Shire will pay $56.5M fine

2014-09-25 03:59:38| Biotech - Topix.net

The U.S. Department of Justice said Wednesday that Irish drugmaker Shire will pay $56.5 million to settle allegations it broke the law in promoting five different drugs, including its attention deficit disorder drugs Adderall XR and Vyvanse. According to a whistleblower lawsuit, Shire said ADHD patients who took Adderall XR would be "indistinguishable" from people who don't have the condition.

Tags: pay department fine justice

 

Shire, Covidien shares fall as Obama weighs limits of tax inversion deals

2014-08-08 16:59:49| Industrial Machines - Topix.net

Shire Pharmaceuticals' Lexington research facility. The drug giant's $53 billion merger with AbbVie could be in danger if President Obama acts quickly to limit the benefits of so-called tax inversion deals.

Tags: fall tax deals limits

 
 

Shire PLC (ADR) (SHPG), Time Warner Cable (TWC): How John Paulson Got His Mojo Back

2014-07-19 20:40:24| Telecom - Topix.net

John Paulson 's funds posted strong returns in June, especially on the back of merger arbitrage plays, an activity in which Paulson has been involved for the last 20 years.

Tags: time back john cable

 

U.S. drugmaker AbbVie finally wins Dublin's Shire with $55 billion deal

2014-07-19 05:11:25| Biotech - Topix.net

U.S. drugmaker AbbVie Inc bought Dublin-based Shire Plc on Friday in a 32 billion pound deal that will allow it to slash its tax bill by relocating to Britain.

Tags: finally deal billion wins

 

Shire directors agree sale to AbbVie

2014-07-18 12:20:19| BBC News | Business | UK Edition

US drug firm AbbVie has clinched a deal to buy the UK pharmaceutical company Shire for 32bn, after Shire reversed its opposition to the takeover earlier this week.

Tags: sale agree directors shire

 

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