Apr. 21 at 8:40 PM
$SPRO clicking a little volume over 2.80 close on low volume day. ESCMID wrapped today.
$GSK smoked with other Big Pharma names.
M&A ramping in biotech -- GSK focused on smaller bolt-on deals with established science, and undervalued assets hiding in plain site.
Allegedly.
GSK wraps 500 million buy back tranche on April 24, earnings April 29 and they've already completed deals for RAPT (
$2.2 billion) and 35Pharma (
$950 million).
Time for another
$750-
$1B deal?
Put that share authorization increase nonsense to bed.
No shareholders should be underwriting more risky ventures with the caretaker CEO/CFO.