Citing recent deals, hedge fund Scopia encouraged Acorda's board on Aug. 7 to pursue a sale, but the company believes its new strategy focused on Parkinson's disease is best for shareholders.
Scopia Capital Management LP sent a letter Aug. 7 to Acorda Therapeutics Inc.'s board of directors encouraging them to pursue a sale – like other drug makers in the Parkinson's disease field – but Acorda said its long-term strategy will provide the best return for its shareholders. Scopia owns a 16.5% stake in the company.
Acorda said in a same-day statement: "We believe that a sale of the company at the present time would not...
Merck’s immuno-oncology blockbuster was the world’s best-selling drugs by revenues for the second year in a row, with an almost $12bn lead over its closest rival, Novo Nordisk’s GLP-1 drug Ozempic.
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A court order encompassing funding, drug pricing, clinical trials and overall policy implementation aspects is expected to bring about a paradigm shift in the treatment of rare diseases in India. Sarepta, Roche and Sanofi are among the key players that have been part of pricing discussions.
