Health: Stryker (NYSE:SYK) in Talks of Buying Israel’s Surpass Medical – NYSE:WPI, NASDAQ:THLD

  on Oct 18,2012 Posted in Business News ,Featured
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Stryker Corporation (NYSE:SYK) reported that it will buy the privately-possessed Israeli firm Surpass Medical for $100 million and almost a further $35 million in momentous payments. The Surpass makes stent tech that makes use of a mesh design and delivery system for the rerouting of blood flow away a brain aneurysm, thus allowing a steady clot to form.

In last trading session, Stryker Corporation (NYSE:SYK) dropped -1.20% to close at $52.82 and its total volume during last trading session was 4.39 million shares. Its opening price was $53.20 and its shares hit the day high price of $57.15 and day low of $45.44.

Watson Pharmaceuticals (NYSE:WPI) should end its $5.9 billion takeover of its Swiss competitor Actavis by the start of coming month following it got FTC permission for the agreement on Monday, having previously obtaining European Commission approval in the start of October.

Watson Pharmaceuticals, Inc. (NYSE:WPI) declined -1.40% and closed at $88.03 with the total traded volume of 525,877.00 shares. Stock’s 52 weeks high price was $89.90 and 52 weeks low price was $55.00.

WPI has outstanding shares of 127.25 million with the total market capitalization of $11.24 billion.

Threshold Pharmaceuticals (NASDAQ:THLD) shares jumped out of the bed after an FDA approval for the Phase III trial of TH-302 for the cure of pancreatic cancer. The study would be carried on by Germany’s Merck, which is Threshold’s associate in the formation of the drug.

Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) slid -1.89% with the closing price of $5.18. The overall volume in the last trading session was 921,433.00 shares. Its fifty two week range was $1.18-$9.28.

Threshold Pharmaceuticals (NASDAQ:THLD) is ahead of its 52 week low with 338.98% and its last month’s price volatility remained 7.21%. Its beta coefficient was 1.74 with a target price of $13.30. In its share capital THLD has 55.12 million outstanding shares while 54.05 million shares have been floated in market.



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