Al Jazeera’s Al Jazeera Investigations team is investigating the story of the pharmaceutical company Merrimacks.In December 2015, Merrimacs stock was trading at $3.62, an increase of more than 300% over the previous year.The company has since gone on a buyback programme that has seen it acquire stakes in some of the most profitable pharmaceutical companies…
There’s an endless parade of new pharmaceuticals to consider when it comes to getting them into the market.The FDA’s proposed guidelines have been in the works for a couple of years now and now, a new pharmaceutical company has made it their number one priority to get a new drug onto the market as soon…
Gilead Pharmaceuticals is among the largest pharmaceutical companies in the world, and it has earned over $200 billion in profits.However, that money was all but wiped out by a combination of mergers and acquisitions.The company has made a total of over $8 billion in total compensation to employees over the last 20 years, with the…
Merrimacks Pharmaceuticals is down as much as 7.5% in trading today, down from a high of $1.70 per share on Monday.The stock was trading at $1,280 per share at 9:59am ET.The company is currently on a buying spree, buying up biotech stocks like Merrimackers own drug company Merrimacker Pharmaceuticals, the pharma giant’s pharmaceutical arm.The acquisition…
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