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Facet Biotech Should Dig in Its Heels over Biogen Bid
EP Vantage submits:While most shareholders would, under normal circumstance, jump at a takeover bid that carried a 64% premium, Facet Biotech (FACT) appears to be sensibly holding out for better terms following an unsolicited $355m approach from Biogen Idec (BIIB).Despite the initially impressive share price premium, the offer from Biogen does look a little on the light side when you consider just how much cash Facet, which was spun out of PDL BioPharma last year, has on its balance sheet. Standing at $371m as of June, when this is taken into account Biogen is technically making money by bidding for the group.Complete Story »
seekingalpha.com

Senate Panel to Vote Tuesday on Bill
The Senate Finance Committee will vote next Tuesday on a $829 billion health-care bill, after months of efforts to gain consensus on the massive overhaul.
online.barrons.com

Neurocrine Biosciences, Inc. Q3 2009 Earnings Conference Call
Neurocrine Biosciences, Inc. (NBIX)Q3 2009 Earnings CallOctober 29, 2009 08:30 a.m. ET Complete Story »
seekingalpha.com

Pelosi Open to Medicare Deal
Pelosi expressed support for a Senate Democratic plan to expand Medicare, raising the prospect of a bicameral agreement on a health bill.
online.wsj.com

Drug to Aid MS Patients Wins Approval
The FDA approved a new drug from Acorda Therapeutics to improve walking in patients with multiple sclerosis.
online.wsj.com