Sector Update: Healthcare Stocks Flat; Stemcells Filed To Sell $100 Mln in Securities
Healthcare shares are flat in pre-market trade.
Specialty biopharmaceutical company Shire PLC ( SHPG ) said Friday that it has extended the expiration of its previously announced tender offer by its subsidiary for ViroPharma ( VPHM ) until midnight, Eastern Time, on Thursday, January 9, 2014. The tender offer had previously been scheduled to expire at 6:00 p.m. ET, on Thursday, December 26, 2013.
As of 6:00 p.m. on December 26, 2013, approximately 76% of ViroPharma common shares had been validly tendered.
And, Stemcells ( STM ) has filed to sell $100 million worth of stock, warrants and debt securities and will use the money for general corporate purposes, including acquisitions.
STEM is up 5.3% at $1.39 in pre-market trade, with a 52-week range of $1.16 to $2.16.