Week In Review: Columbia China Building $150 Million Hospital In Jiaxing [Seeking Alpha]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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Source: Seeking Alpha
Deals and Financings Columbia China has begun construction on a $150 million 500-bed multi-specialty hospital in Jiaxing, Zhejiang Province. Columbia China is a 50-50 joint venture between Columbia Pacific Management of Seattle, a senior living/hospital company focused on Asia, and Temasek, the sovereign wealth fund of Singapore. The new hospital, which is Columbia's second in China, will open in 2019. Columbia China currently operates Shanghai Kaiyuan Orthopedic Hospital, a 232-bed facility. Fosun Pharma (SHA: 600196; HK: 2196) and Gland Pharma have devised a fallback strategy to implement if India decides to prohibit Fosun's planned $1.3 billion acquisition of an 86% stake in Gland. The two companies plan to scale back the size of the transaction, selling a 74% ownership of Gland (presumably at a price of about $1.1 billion). India's Cabinet Committee of Economic Affairs (CCEA) reviews any foreign acquisition of a domestic company if it involves ownership of 75% or more.
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News
- Biogen Receives Positive CHMP Opinion for TOFIDENCE™ (tocilizumab), a Biosimilar Referencing ROACTEMRA® [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Barclays PLC from $215.00 to $200.00. They now have an "equal weight" rating on the stock.MarketBeat
- Shareholders 30% loss in Biogen (NASDAQ:BIIB) partly attributable to the company's decline in earnings over past year [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target raised by analysts at Wedbush from $213.00 to $215.00. They now have a "neutral" rating on the stock.MarketBeat
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at HC Wainwright from $325.00 to $300.00. They now have a "buy" rating on the stock.MarketBeat
BIIB
Earnings
- 4/25/24 - Beat
BIIB
Sec Filings
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/12/24 - Form PRE
- BIIB's page on the SEC website