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Stock impact report

Brainstorm Health: GSK Tesaro Deal, VR Medical Education, Bluebird Bio [Fortune]

bluebird bio, Inc. (BLUE) 
Last bluebird bio, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.bluebirdbio.com/investor-overview
Company Research Source: Fortune
By Sy Mukherjee December 3, 2018 Hello, readers. I hope you had a wonderful weekend. On Monday, GlaxoSmithKline CEO Emma Walmsley made yet another significant mark on her company’s future, placing a $5.1 billion bet to acquire the cancer-focused biotech Tesaro. Tesaro stock soared 60% on the news while GSK shares slid 8% in Monday afternoon trading. The investor concerns are likely related to the hefty price Glaxo ponied up for the acquisition, which is worth more than double Tesaro’s previous 30 day average share price, according to JPMorgan analysts. But GSK R&D chief Hal Barron and Walmsley sounded a confident note on the acquisition, and particularly the access it will give Glaxo to class of cancer treatments called “PARP inhibitors” which have proven lucrative for other companies treating . “We believe that PARP inhibitors will Show less Read more
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