Pharma is for sale although no one wants it

[Anonymous]

The recent push to make Pharma look bigger than it is just shows that Pharma is being positioned for sale as soon as possible.

 

[Anonymous]

The recent push to make Pharma look bigger than it is just shows that Pharma is being positioned for sale as soon as possible.

Why didn't ISTA buy it?

 

[Anonymous]

Why didn't ISTA buy it?

Because Freddie posted an unreasonable asking price and would not negotiate. They are basing their asking price on what Novartis paid for Alcon. BL does not compare to Alcon.

 

[Anonymous]

Because ISTA is fighting for its own survival - latest is an ISTA acquisition by Valeant:

Valeant Pharmaceuticals Makes an Offer for ISTA Pharmaceuticals
The Offer: Valeant Pharmaceuticals (NYSE: VRX) offers $6.50 per share in cash to acquire ISTA Pharmaceuticals (NASDAQ: ISTA).
ISTA Pharmaceuticals' Board of Directors confirmed receipt of the Valeant offer and issued this statement:
The ISTA Board is committed to maximizing long-term shareholder value. Due to the fact that Valeant has attempted to revive its previously rejected proposal, ISTA's Board announced that it will commence a review of all strategic options available to ISTA in the context of its fiduciary responsibilities and the Company's strategic plans. ISTA also announced that it will be holding its 2012 Guidance and Pipeline Update webcast and call on January 4, 2012, during which it will discuss guidance for 2012, pipeline developments and key upcoming events.
ISTA Pharmaceuticals shares traded in a range of $5.93 to $6.95 Friday on 28 times the average daily volume.


Read more: http://www.benzinga.com/trading-ide...ter-for-friday-december-16-2011#ixzz1gvOiVLsE

 

[Anonymous]

The fact that Valeant Pharmaceuticals wants to buy ISTA and not B+L Pharma tells you something.

 

[Anonymous]

Yeah; Fred wants to sell a volkswagen for $3million. This is the absurdity of it all in car lingo.