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Par Pharmaceutical Companies, Inc. (PRX)

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PRX is defunct since October 1, 2012. acquired by a private company
  • Oct. 9, 2013, 4:57 PM
    • Acura Pharmaceuticals (ACUR) +11.8% AH after announcing a settlement of patent litigation with Par Pharmaceutical (PRX) and Impax Labs (IPXL) over the pain drug Oxecta.
    • According to the terms, PRX may launch its generic Oxecta product in the U.S., through the grant of a non-exclusive license which requires it to pay ACUR royalties in the range of 10%-15% of PRX's net profits from the sale.
    • IPXL may launch its generic Oxecta product in the U.S. through the grant of a non-exclusive, royalty-free license.
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  • Aug. 22, 2013, 8:26 AM
    • Horizon Pharma (HZNP) enters into settlement and license agreements with Par Pharmaceutical (PRX) to resolve patent litigation over Horizon's Duexis (ibuprofen and famotidine) tablets.
    • Par will have the right to start selling a generic version of Duexis in January 2023, or earlier under certain circumstances.
    • Other details of the deal weren't provided.
    • Duexis is used to treat rheumatoid arthritis and osteoarthritis, and for decreasing the risk of developing ulcers in the upper gastrointestinal area. (PR)
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  • Jan. 2, 2013, 12:24 PM
    Par Pharmaceutical (PRX +0.2%) says that its operating subsidiary has begun shipping 5 mg and 10 mg strengths of rizatriptan benzoate tablets. Rizatriptan benzoate is indicated for the acute treatment of migraine with or without aura in adults and in pediatric patients 6 to 17 years of age. Annual U.S. sales of the drug total approximately $653M.
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  • Dec. 26, 2012, 5:00 PM
    Depomed (DEPO) says that its lawsuits against two filers of Abbreviated New Drug Applications for Gralise have been dismissed at its own request. The dismissal was requested after Watson Laboratories (WPI) withdrew its application, and Par Pharmaceutical (PRX) amended its to no longer seek approval prior to the expiration of DEPO's Gralise patents listed for in the FDA's Orange Book.
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  • Dec. 14, 2012, 1:43 PM
    AstraZeneca (AZN +0.2%) says an Appeals Court has upheld the decision finding that the substance patent protecting Crestor is valid and enforceable. The defendants may seek a rehearing or review by the U.S. Supreme Court. Absent a reversal, none of the Abbreviated New Drug Applications filed may be approved by the FDA prior to expiration of the patent, which expires in 2016. The ruling covers rosuvastatin calcium, the active ingredient in Crestor.
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  • Oct. 16, 2012, 8:14 AM
    Watson Pharmaceuticals (WPI) expects to close its $5.9B acquisition of Swiss peer Actavis by early November after it yesterday received FTC permission for the deal, adding to EU authorization earlier this month. Under the conditions of the approval, Watson must sell 14 generic drugs to Par Pharmaceuticals (PRX) and four to Sandoz. (PR)
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  • Sep. 28, 2012, 11:47 AM
    A U.S. appeals court upholds a lower court ruling in favor of Pozen (POZN -0.8%) against Par Pharmaceutical (PRX), Alphapharm and Dr. Reddy’s Laboratories (RDY +1.9%), affirming the district court's earlier decision that found POZN's patent valid, and blocked PRX and RDY from selling a generic version of POZN's migraine drug Treximet until 2025.
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  • Sep. 12, 2012, 4:04 PM
    Stifel Nicolaus ups its target from $8 to $11 on Santarus (SNTS +5%) on the back of its highly successful Phase 3 results for Rifamycin SV MMX in traveler’s diarrhea, and it's successful appeal against Par Pharmaceuticals (PRX). The firm thinks that Zegerid will gain an extra $35M-$45M in annual sales as a result of the court decision, and it maintains a Buy rating on the stock.
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  • Aug. 2, 2012, 10:32 AM
    Par Pharmaceutical (PRX): Q2 EPS of $1.62 beats by $0.52. Revenue of $294.3M (+36.9% Y/Y) beats by $3.M. (PR)
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  • Aug. 2, 2012, 12:05 AM
    Notable earnings before Thursday’s open: AEE, APA, ARIA, BDX, CAH, CI, CNP, DNR, DTV, DUK, ENB, GM, INCY, K, MFA, NNN, OCN, PGN, PH, PRX, PWR, PXP, RDC, SBH, SE, SEE, SHO, SNE, SRE, TDC, TE, TEVA, TIE, TWC, UPL, VIAB, VRX, WNR, XEL
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  • Aug. 1, 2012, 5:30 PM
    Notable earnings before Thursday’s open: AEE, APA, ARIA, BDX, CAH, CI, CNP, DNR, DTV, DUK, ENB, GM, INCY, K, MFA, NNN, OCN, PGN, PH, PRX, PWR, PXP, RDC, SBH, SE, SEE, SHO, SNE, SRE, TDC, TE, TEVA, TIE, TWC, UPL, VIAB, VRX, WNR, XEL
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  • Jul. 17, 2012, 4:30 PM
    Somaxon Pharmaceuticals (SOMX) settles its patent litigation suit with Mylan (MYL) and Par Pharmaceutical (PRX) involving Silenor 3 mg and 6 mg tablets. The settlement grants MYL the exclusive right to begin selling a generic version of Silenor on January 1, 2020, and PRX the right to begin selling a generic version 180 days after a third party generic version is first sold in the U.S. under a license from Somaxon.
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  • Jul. 16, 2012, 9:10 AM
    Premarket gainers: PRX +39%. CONM +13%. AUTH +13%. SVU +6%.
    Losers: ISR -19%. NSPH -6%. ANR -6%.
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  • Jul. 16, 2012, 8:24 AM
    TPG agrees to acquire Par Pharmaceutical (PRX) for $1.9B, or $50/share, which represents a 37% premium over Par's closing price on Friday. Shares +36% premarket. (PR)
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  • Jul. 3, 2012, 11:24 AM
    The FTC has approved an amended final order settling charges that Teva's (TEVA +1.3%) proposed acquisition of Cephalon would have been anti-competitive for several generic drugs. The order requires Teva to sell the rights and assets related to a generic cancer pain drug and a generic muscle relaxant to Par Pharmaceuticals (PRX -0.6%), and  allow PRX to sell a generic version of Cephalon's narcolepsy drug Provigil in 2012.
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  • May. 30, 2012, 12:48 PM
    Goldman says the court ruling against Par Pharmaceutical (PRX -1.3%) regarding patents covering Lovaza eliminates a key upside opportunity, adding that the extent of the impact on growth is unclear at this point. The firm maintains its Neutral rating on the shares.
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Company Description
Par Pharmaceutical Companies, Inc., incorporated in 1978 as Par Pharmaceutical, Inc., is a Delaware holding company that, principally through its wholly owned operating subsidiary, Par Pharmaceutical, Inc., is in the business of developing, licensing, manufacturing and distributing generic and... More
Sector: Healthcare
Industry: Drugs - Generic
Country: United States