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Amneal Pharmaceuticals, Inc. (AMRX) Q1 2021 Earnings Call Transcript

Operator
Hello, and welcome to the Amneal First Quarter 2021 Conference Call. [Operator Instructions] Please note today s event is being recorded.
I would now like to turn the call over to Amneal s Head of Investor Relations, Tony DiMeo.
Anthony DiMeo
Senior Director, Investor Relations
Good morning, and thank you for joining us for Amneal s first quarter 2021 earnings call. Earlier this morning, we issued a press release reporting our financial results. The press release as well as the slides that will be presented on this call are available on our website at amneal.com. We re conducting a live webcast of this call, a replay of which will also be available on our website after its conclusion. ....

United States , New Jersey , Joe Todisco , Tasos Konidaris , Gregg Gilbert , Randy Boyer , Steve Manzano , Chirag Patel , Tony Dimeo , Gregg Gilbert Truist , Chintu Patel , Chintu Patel Co , Kashiv Specialty Pharmaceuticals , Amneal Pharmaceuticals Inc , Amneal Pharmaceuticals , Amneal First Quarter , Investor Relations , Cautionary Statements , Annual Report , Quarterly Reports , Chief Commercial Officers , General Counsel , Co Chief Executive , Kashiv Specialty , With Kashiv , Chief Executive ,

Amneal Pharma announces acquisition of Kashiv Specialty

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Kashiv Biosciences , Chirag Patel , Chintu Patel , Amneal Pharmaceuticals , Kashiv Specialty Pharmaceuticals , Amneal Pharmaceuticals Inc , Bridgewater Based Amneal Pharmaceuticals , Kashiv Specialty , காஷிவ் உயிர் அறிவியல் , சிராக் படேல் , சிந்து படேல் , அம்னெல் மருந்துகள் , காஷிவ் சிறப்பு மருந்துகள் , அம்னெல் மருந்துகள் இன்க் , பாலம் நீர் அடிப்படையிலானது அம்னெல் மருந்துகள் , காஷிவ் சிறப்பு ,

(AMRX), (BGNE) - Why BeiGene, T2 Biosystems And Amneal Are Are Moving Today

Share:
BeiGene (NASDAQ: BGNE) shares are trading higher after on Tuesday after the company announced a collaboration agreement with Novartis to developed and commercialize Anti-PD-1 antibody Tislelizumab. BeiGene will receive $650 million upfront and is eligible to receive up to $1.55 billion in milestone payments.
BeiGene is a clinical-stage biopharmaceutical company. It s engaged in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer.
BeiGene’s stock traded up 4.30% to $290.92. The stock has a 52-week high of $322.98 and a 52-week low of $118.55.
T2 Biosystems (NASDAQ: TTOO) shares are trading higher after the company reported its T2SARS-CoV-2 panel is capable of detecting the multiple variants of the SARS-CoV-2 virus most recently identified in the U.K. ....

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Lands' End, Luminex rise; Boston Scientific, Carnival fall

NEW YORK Stocks that moved heavily or traded substantially Tuesday: Becton, Dickinson and Co., up $5.97 to $263.08. The medical technology company expects revenue to surge in its fiscal first quarter on strong sales of COVID-19 tests. Boston Scientific Corp., down $1.11 to $35.33. The medical device maker gave investors a disappointing fourth-quarter revenue […] ....

United States , Carnival Corp , Land End Inc , Teladoc Health Inc , Associated Press , Amneal Pharmaceuticals Inc , Luminex Corp , Fluor Corp , Kashiv Specialty Pharmaceuticals , Boston Scientific Corp , Scientific Corp , Health Inc , Pharmaceuticals Inc , Kashiv Specialty , Mend Inc , ஒன்றுபட்டது மாநிலங்களில் , திருவிழா கார்ப் , நில முடிவு இன்க் , தொடர்புடையது ப்ரெஸ் , அம்னெல் மருந்துகள் இன்க் , ஃவுளூர் கார்ப் , காஷிவ் சிறப்பு மருந்துகள் , போஸ்டன் அறிவியல் கார்ப் , அறிவியல் கார்ப் , ஆரோக்கியம் இன்க் , மருந்துகள் இன்க் ,

Amneal to acquire most of Kashiv Specialty

Senior Editor
Amneal is set to acquire a 98% interest in Kashiv Specialty Pharmaceuticals, a wholly owned subsidiary of Kashiv focused on the development of complex generics, innovative drug delivery platforms and novel 505(b)(2) drugs.
Under the terms of the transaction, Amneal will pay an upfront purchase price comprised of a cash payment of $70 million at the closing of the acquisition, which is subject to certain customary purchase price adjustments, and a cash payment of $30 million at the one-year anniversary of the execution of the purchase agreement.
Kashiv also is eligible to receive up to an additional $8 million in contingent payments upon the achievement of certain regulatory milestones. In addition to the foregoing contingent payments, the company has agreed to pay Kashiv certain royalty payments equal to an escalating percentage (from high single-digits to mid-double-digits, depending on the net sales amount) of aggregate annual net sales for ....

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