Tags: jazz | drug | stock

Drugmaker Jazz Gains Ahead of Business Update

Wednesday, 04 Jan 2012 04:36 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Jazz Pharmaceuticals Inc., maker of the narcolepsy drug Xyrem, rose the most in five weeks after saying the company would update investors Thursday on its 2012 financial outlook.

Jazz gained 5.7 percent to $40.79 at the close of trading in New York, the biggest single-day increase since Nov. 30. Shares of the Palo Alto, California-based company have more than doubled in the past year.

Jazz will discuss Xyrem sales, as well as its integration of Azur Pharma Ltd., the Dublin-based pain drugmaker acquired in September, on a conference call scheduled at 4:30 p.m. New York time Thursday, the company said Wednesday in a statement. The combined company was expected to have sales of more than $475 million in the first 12 months following the closing of the deal, Jazz and Azur said at the time.

“There’s been no ability to quantify the acquisition, in terms of what does it mean for current shareholders,” Steve Brozak, an analyst with WBB Securities in Clark, New Jersey, said in an interview. “Now people want to be able to come in before the news.”

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Sen. Cornyn: Congress 'On Track to Do Absolutely Nothing' on Border

Tuesday, 22 Jul 2014 16:41 PM

Democrats plan to cut $1 billion from President Barack Obama's $3.7 billion request to address an influx of Central Amer . . .

Ben Carson: ACA Ruling Slaps Obama for Changing 'Law at Will'

Tuesday, 22 Jul 2014 14:45 PM

The U.S. appeals court ruling issued on Tuesday striking down the government's ability to offer Obamacare subsidies thro . . .

Air Canada Cancels Tuesday Flight to Israel on Safety Concerns

Tuesday, 22 Jul 2014 14:40 PM

Air Canada has canceled its scheduled flight to Tel Aviv, Israel, scheduled for later on Tuesday, the Canadian flagship  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved