Monday, August 22, 2016

Pfizer Seeks Quick Profits From Cancer Drugs

The world's largest drugmaker,Pfizer,has purchased Medivation for 14 billion dollars,or about 81.50 a share.It's expected to be immediately accretive,adding about .05 a share in the first full year after close with additional accretion and growth anticipated thereafter,Pfizer said.It may vault the New York-based firm into a leading position in oncology.*
The addition of Medivation will strengthen Pfizer's Innovative Health business and accelerate its pathway to a leadership position in oncology,one of our key focus areas,which
we believe will drive greater growth and scale of that business over the long-term,said Pfizer CEO Ian Read.*
The big prize for Pfizer was Medivation's drug XTANDI,an androgen receptor-which blocks multiple steps in the androgen reception signaling pathway within the tumour cell of advanced metastatic prostrate cancer,XTANDI has generated about 2.2 billion in worldwide net sales the past four quarters.Other Medivation prospects in the pipeline include two development stage oncology assets,tulazuparib for breast cancer and pidilmizumab for large B cell lymphoma and other blood cancers.*
Cancer is the second leading cause of death in the US and in the top 10 of killers worldwide,Pfizer pointed out.*
Meivation (MEDI);Pfizer (PFE)

Monday, August 8, 2016

Retail Megadeal:Should Walmart Buy Jet.com?

What does Walmart have to do with aviation,one might have been excused for asking when this morning's news of its record-setting 3.3 billion dollar purchase of Jet.com came across.Yet on visiting the relatively obscure Jet.com's website,you immediately see what Walmart's reasoning was.Jet.com isn't named for aircraft,but for jets as a means of transporting its merchandise.*
Jet.com sells a full line of groceries,including fresh meat from Rastrelli Market and Kirkland brand dairy products from Costco.As you shop,Jet.com deducts your savings from your balance.Two day delivery is standard for their groceries.*
Rastrelli Market has eight retail locations and has expanded into food processing,warehousing and distribution,building a vertically integrated enterprise that is key to their quality assurance.With direct ownership or proprietary partnerships,Rastrelli Foods Group,of South Jersey,provides hand-trimming,processing and packing of an extensive line of gourmet meats,seafood,heat and serve meals,dessert and gift packages.For example,they own their own Black Angus cattle.The vertical integration ensures the quality and safety at all points of distribution,resulting in safer,higher quality products for the consumer.*
Besides groceries,Jet.com sells books,baby products,furniture,appliances,electronics,clothing and sporting goods.Looking over the pleasant,efficient website with discount to moderate pricing and astute,branded partnerships,one begins to sense Walmart made the right move toward improved competitiveness in this age of online merchants that we are in.*
Walmart Stores (WMT)

Monday, August 1, 2016

GE Begins Headquarters Relocation Process Soon

After 42 years at its Fairfield,Connecticut home,General Electric will begin moving to its new global headquarters in Boston later this month.Its executives will head for temporary offices on Farnsworth Street in the Fort Point Channel neighbourhood where the project will take shape;the bulk of the 800 headquarters staff will not arrive until 2018.Two extant brick buildings will be rehabilitated on the 2.4 acre site beginning later this year;while a new 12-storey building with 293,000 square feet of office space will be constructed there as well.A bridge and walkway will connect the three buildings.*
The new campus is to be a global epicenter of innovation,according to Ann R. Klee,GE head of Boston operations and development.Our headquarters is designed to engage and leverage the talent,technology and work ethic of Fort Point and greater Boston,while also giving back to the community through investment,rehabilitation and an inviting public space.GE expects our new headquarters will transform the existing unused site into a limb of technology,innovation and intellectual stimulation as well as become a new meaningful destination on the the city's Harbor Walk,Ms.Klee's statement said.*
The first floor and part of the second will feature a museum of GE's history and future.It will also offer a visitors' reception area and co-working space open to the public,plus a coffee bar.*
General Electric (GE)