Pfizer made a hostile bid, just after the announcement of a $72 billion deal with Wyeth, the eventual purchase price would be in excess of $90 billion. Realtime quote and/or trade prices are not sourced from all markets. Opiant Pharmaceuticals, Inc. ( NASDAQ: OPNT) is a nano-cap pharma that's being acquired by small-cap pharma Indivior PLC ( OTCPK:INVVY ). Annual revenues from cannabinoid-based pharmaceuticals are expected to grow to $50 billion by 2029, according to Statista Research. But it seems likely that many desirable assets are simply too expensive to consider right now, which in the long run benefits no one, whether buyingor selling. And following the big news about Aphria and Tilray combining their companies, there's a new deal that's making waves in the cannabis sector. In fact, Endo is a mini-Valeant in that it has a strategy of buying up smaller companies for their product lines rather than spending on research & development. Two names jump out to me; both are in the sweet spot of pharma buyouts, trading with market caps between $10 billion and $15 billion. As per Indivior CEO Mark Crossley on the merger (I've emphasized what I think regulators would take note of): "Opiant's portfolio of product candidates is an excellent strategic fit that diversifies and strengthens our offerings, while Indivior's strong commercial capabilities are expected to propel a combined product pipeline with the potential to help patients along a continuum from substance use disorder and rescue to recovery. The oral spray, which contains both CBD and THC, is already approved in the U.K. as a therapy for various multiple sclerosis (MS) symptoms, especially MS-related spasticity (muscle spasms or stiffness). The Opiant assets are aimed at patients that have overdosed. Investigative journalist Lee Fang unveiled the latest edition of the Twitter Files on Monday, showcasing how the pharmaceutical industry lobbied social media to shape content related to the COVID vaccine. Opiant pharmaceutical (Opiant presentation). However, only 40% or 58 million shares were tendered and the hostile takeover fell through. Invest better with The Motley Fool. Knappertz comes to Aurinia from GW Pharmaceuticals. While about two dozen companies showed some interest in Pandion's work between 2018 and 2020, only Merck and one other "global pharmaceutical company" made formal acquisition or partnership proposals. The Jazz product pipeline is strong, despite the current reliance on Xyrem. I think of the two, Jazz is the better buy today. There are all kinds of expensive research reports floating around that estimate the Naxolone spray market at $1.1 billion already or that project growth to $1.94 billion by 2028 or $1.3 billion in 2031. AstraZeneca claimed the deal undervalued the company. In order for the hostile takeover to go through successfully, Mylan needed 50% of Perrigos shares to be tendered under the deal. Wyeth confirmed it has agreed a $200 billion deal with WarnerLambert, causing Pfizer to make a hostile bid, just after the announcement. The company has gone from making a reported $15 million in revenue in 2018 to $311 million in 2019, and recently said it expects to bring in $526 million in 2020, a huge rise in just two years. Clovis Oncology is an American pharmaceutical company specialized in oncology treatments. 1-trusted industry spot in Ipsos just-released annual survey. And both have strong balance sheets, with products that could be attractive to larger pharma companies where growth is slowing. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Novartis ADR sees its Relative Strength Rating reach the 80-plus Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Already this month, weve seen two multi-billion-dollar pharma buyouts. It is also being tested as a treatment for rheumatoid arthritis, spinal cord injury spasticity, and post-traumatic stress disorder. Transactions are recorded by the highest George Budwell has positions in Axsome Therapeutics. We are dedicated to developing life-changing medicines for people with serious diseases often with limited or no therapeutic options. Sign up for free today. All Rights Reserved. Jazz Pharmaceutical, with a market cap of $8.42 billion, is a much larger company and has the money to devote to GW Pharmaceuticals to make it a profitable segment and deal with any short-term issues GW Pharmaceuticals may have. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Learn how to trade stocks like a pro with just 3 email lessons! The average yield of the Dow has sunk to 2.1%. And Merck is rumored to be in advanced talks to buy the cancer specialist Seagen. It includes only deals worth more than $500m, but excludes mega mergers, and only concerns acquisitions of pure-play drug developers. In July, the FDA approved the drug as a therapy for seizures in patients with tuberous sclerosis complex (TSC), a rare genetic disorder that can cause epilepsy and creates benign tumors.This decision came on the heels of a positive phase 3 trial for the drug on TSC announced in 2019. However, the drug is supposed to challenge Naloxone, owned by Emergent BioSolutions (EBS). Next is Jazz, which has one of the most effective narcolepsy treatments in the market, Xyrem. Johnson & Johnson announced the possibility of them pulling out from the deal, Guidant then sued Johnson & Johnson in an attempt to enforce the acquisition. That's when a firm buys out a competitor to shut it down to slow down or prevent competition. Aurinia Pharmaceuticals (AUPH) hired a trio of executives in a move that suggests it's nowhere near a buyout and AUPH stock plummeted Friday. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. By using this site, you agree that we may store and access cookies on your device. $2.00 per CVR upon achievement of net sales of OPNT003 of $325 million or more during any period of four consecutive quarters prior to the seventh anniversary of the U.S. commercial launch of OPNT003. Rather, it is choosing to wait for the right opportunity. The data showed PT-101 was well-tolerated and selectively activated the immune cells Pandion aimed to target. You should perform The two companies discussed a potential merger, uniting two of the largest pharmaceutical companies. Auburn Pharmaceutical is committed to ensuring that all of our products are purchased though the legitimate pharmaceutical supply chain and meet all of the Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. ET. Dr. Rahul Gupta, head of the White House Office of National Drug Control Policy, points out that last year alone, 80,000 Americans died from opioid overdoses. Horizonexpectsover $4 billion in global annual peak sales for its biggest drug Tepezza, which is used to treat thyroid eye disease. Meanwhile, Max Colao will exit Aurinia to "tend to personal matters," the company said in a news release. However, the U.S. Treasury passed laws, tightening down on. +15303348684. Horizon Therapeuticssaid on Tuesday its board was engaged in highly preliminary discussions with three pharmaceutical giants for potential takeover offers, sending its shares surging 31% in extended trading. Join us for the Virtual Trading Summit and learn the fundamentals of smart investing! The core concept behind RNAi is to silence genes associated with human disease. Get market updates, educational videos, webinars, and stock analysis. Cost basis and return based on previous market day close. I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity. Past success is not a That's an enormous premium, to put it mildly. Cell and Gene Therapy Manufacturing: Current and Future States, The essential guide to drug commercialization, JPM23: Vaccine developers as dealmakers, Gileads trial tea leaves and building platform companies, Trio of biotech buyouts jumpstarts J.P. Morgan healthcare meeting, Ensoma buys a startup to advance in vivo cell therapy work, Pandion Therapeutics, a small Massachusetts biotech, successfully resisted multiple overtures by pharmaceutical giant Merck & Co. to license or acquire its research, pushing the larger company to pay a sizable premium in the. If some of the drugmaker's other high-value pipeline candidates pan out, a $32 billion-plus price tag wouldn't be all that unreasonable. You take these, so you don't use/abuse substances. Recall that it was willing to fork out close to $70 billion for Allergan just a couple of months ago. The biotech also sports five late-stage clinical candidates. What's important to understand is that neuroscience has proven to be one of the toughest areas in which to develop new drugs in recent times. However, on May 25 of the same year, Guidant reported 26 cases of implantable defibrillator failure, including a death. *Average returns of all recommendations since inception. That provides a good short-term opportunity for investors. In my opinion, it is credible that the roll-out of an approved OPNT003 would happen much faster after this merger. A person walks past the Pfizer Headquarters building in New York, November 9, 2020. Novartis ADR sees its Relative Strength Rating reach the 80-plus level. $2.00 per CVR upon achievement of net sales of OPNT003 of $300 million or more during any period of four consecutive quarters prior to the seventh anniversary of the U.S. commercial launch of OPNT003. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Opiant Pharmaceuticals, Inc. ( NASDAQ: OPNT) is a nano-cap pharma that's being acquired by small-cap pharma Indivior PLC ( OTCPK:INVVY ). That's if we simplify the situation to assume the merger closes. And both have strong balance sheets, with products that could be attractive to larger pharma companies where growth is slowing. Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is a global biopharmaceutical company whose purpose is to innovate to transform the lives of patients and their families. In the first quarter, Lupkynis generated $21.6 million in sales, narrowly beating forecasts. The documents made public Thursday show the price point was largely the result of Pandion'snegotiating for more money. Jazz bought the Xyrem brand back in 2005 when it bought Orphan Medical. Opiant Pharmaceuticals, Inc. (NASDAQ:OPNT) is a nano-cap pharma that's being acquired by small-cap pharma Indivior PLC (OTCPK:INVVY). acquisitions. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The suit was filed just before Christmas in a federal court in Waco, Texas. On today's stock market, AUPH stock toppled 9.4% to 10.49. The target looks ambitious but certainly not impossible to me. Learn More. In truth, many of the major pharma companies might need to buy some growth. The rapid pace of innovation in biopharma has produced a target-rich environment. - Pfizer: One of the world's premier biopharmaceutical companies", "American Home Products Discusses A Merger With Warner-Lambert", "Bayer sweetens Monsanto bid as talks enter final stretch", "Statement re Proposal from Takeda Pharmaceutical Company Limited", "Allergan agrees to $66 billion Actavis offer; Valeant walks", "Valeant Raises Takeover Offer for Allergan a Second Time", "Valeant Raises Takeover Offer for Allergan With More Cash", "Monsanto Drops $46.5B Bid For Syngenta, Paving Way For Stock Buyback Amid Market Rout", "Syngenta rejects Monsanto's takeover approach", "Reuters: Monsanto, Syngenta hire U.S. banks to advise on possible takeover", "Valeant, Bill Ackman bid $45B for Botox-maker Allergan", "Monsanto Said to Have Weighed $40 Billion Syngenta Deal", "Teva Offers to Buy Mylan in $40.1B Cash-And-Stock Deal", "Endo Ends Effort to Wrest Merger-Bound Salix from Valeant - GEN Genetic Engineering & Biotechnology News - Biotech from Bench to Business - GEN", https://en.wikipedia.org/w/index.php?title=List_of_largest_pharmaceutical_mergers_and_acquisitions&oldid=1077126324, Lists of corporate mergers and acquisitions, Articles with dead external links from July 2021, Short description is different from Wikidata, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, In November 2015 Pfizer announced it would acquire. In fact, Endos CEO, Rajiv De Silva, was previously the COO of Valeant. Merck, under outgoing CEO Ken Frazierand now retired research chief Roger Perlmutter, has stayed away from large-scale dealmaking. your own independent research on potential investments and consult with your financial adviser to determine I gravitate towards special-situations. Hikma Pharmaceuticals PLC closed 4.32 short of its 52-week high (21.37), which the company reached on March 25. Is this happening to you frequently? The bottom line is that Karuna is unlikely to remain independent leading into KarXT's upcoming regulatory filing in mid-2023. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The hirings likely cooled investors' expectations that Aurinia could be looking for a buyout. That same day, Pandion made a counter-offer of $60 per share that Merck later agreed to following additional due diligence and inspections of contract manufacturers used by Pandion. The final analysis here is interesting because it shows that, despite climbing premiums, the average size of a biopharma M&Adeal has not gone in the same direction; on a median basis they have actually got smaller. In the long run, that will bring the stock higher and it makes sense to get in now before it climbs, but only if you have cash on the sidelines and a high risk tolerance. your financial adviser and does not provide any individualized investment advice to you. Back then, Novartis said it was interested in "bolt-on" deals and AUPH stock soared more than 13% on one day in December. On Wednesday, Jazz Pharmaceuticals (JAZZ 0.26%) announced it's buying GW Pharmaceuticals (GWPH) for $7.2 million. I have no business relationship with any company whose stock is mentioned in this article. It is worth pointing out that Gileads $21bn move on Immunomedics this year was struck at a 111% premium; it is extremely rare to see premiums move into triple figures for transactions of this size. The following table lists the largest mergers and acquisitions in the pharmaceutical and biotechnology industry (those over $10 billion). 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The following table lists the largest mergers and acquisitions in the pharmaceutical and biotechnology industry (those over $10 billion). Indivior is laying out $20 in cash and a contingent value right that's potentially worth up to $8 per share. I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). The plant has active ingredients called cannabinoids that are said to have a broad range of medical benefits. A buyer, therefore, would probably have to be willing to pay up to around 20 times 2023 estimated sales (roughly $32.6 billion or about $272 a share) to win over Alnylam's key stakeholders. Speaking to this point, Pfizer recently doled out $5.4 billion to acquire Global Blood Therapeutics for its sickle cell disease assets. Disclaimer & Important Information: Wyatt Investment Research (WIR) owns and publishes the website The biotech is still waiting to treat its first commercial patient with Zynteglo, but says it has not seen insurers deny coverage for the beta thalassemia drug. Colao formed Aurinia's commercial organization and helped launch Lupkynis last year. Jazz's focus on oncology and sleep disorder could also be helped by GW Pharmaceutical's cannabis expertise. With this background in mind, here is a brief look at three biotech companies that could be acquired soon. If I put aside the uncertainties around closure, the upside is vast compared to the outlay. Narcolepsy is the condition responsible for excessive daytime sleeping. Here are four reasons why the deal makes sense, at least for Jazz: GW Pharmaceuticals is the biggest player in pharmaceutical uses of cannabis, with a market cap of $3.9 billion, making it the sixth-largest marijuana-related stock in the world. This is likely a decent investment even if Opiant Pharmaceuticals, Inc. is 80% likely not to achieve even the first milestone paying out $2. Valeant had pursued Botox-maker Allergan for six months. Axsome's buyout thesis truly centers around Auvelity, however. Those reports pushed AUPH stock to a record high. "We are planning to repurchase Sam Bankman-Fried's interest in Semafor and to place the money into a separate account until the relevant legal authorities click here for our full report on this opportunity. To make the world smarter, happier, and richer. Meanwhile, Teva Pharmaceutical Industries (NYSE: TEVA), a drug maker with a $55 billion market cap, has noted that its actively looking for deals in the $10 billion to $15 billion range. The drug, approved by the U.S. Food and Drug Administration (FDA) in November 2018, is starting to look like a blockbuster therapy. Speciality players define M&A as big pharma seeks focus, M&A activity cools in 2012 as break-ups loom, Rare disease and neurology takeouts tick higher, The biggest-selling pharma companies of 2023. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. It is a deal where I can imagine antitrust authorities would be hesitant to let it pass if they felt they didn't have enough information. The average takeout premium for biopharma M&A deals this year is sitting just below 2019s record, which tipped into triple figures, an Evaluate Vantage analysis finds. Epidiolex is used to treat seizures associated with Lennox-Gastaut syndrome or Dravet syndrome, two rare forms of epilepsy. In 2013, industry-watchers speculated that Endo could be a Valeant buyout target. Clovis leading drug Rubraca (rucaparib), a poly (ADP-ribose) polymerase (PARP) inhibitor, has been approved by the FDA for the treatment of ovarian and prostate cancer. And despite the Salix buy, Valeant still has plenty of firepower. Crackdown on Inversions", "Pfizer, Allergan Agree to End $160 Billion Deal", "M&A Boom Implodes, US Deal Failures in 2016 Worst Ever", "AstraZeneca rejects Pfizer's final 69bn takeover bid", "Pfizer chases AstraZeneca for potential $100 billion deal", "Warner-Lambert rejects Pfizer's bid - Nov. 4, 1999", "Pfizer Makes Bid for Warner-Lambert (washingtonpost.com)", "WARNER-LAMBERT GETS PFIZER OFFER FOR $82.4 BILLION", "Warner Lambert. With serious diseases often with limited or no therapeutic options and more on potential investments and with. With products that could be attractive to larger pharma companies might need to buy the cancer specialist Seagen point largely! Business and financial news, stock Quotes, and only concerns acquisitions of pure-play drug.... Upcoming regulatory filing in mid-2023 fork out close to $ 8 per share remain leading! Truth, many of the same year, Guidant reported 26 cases of implantable failure. A competitor to shut it down to slow down or prevent competition most effective narcolepsy treatments the... To fork out close to $ 70 billion for Allergan just a couple of ago. And Merck is rumored to be tendered under the deal to wait for the Virtual Trading Summit and learn fundamentals... 2.1 % Lupkynis last year to shut it down to slow down or prevent competition per.. Of Valeant with human disease specialist Seagen and richer to make the world smarter, happier, and market and. Stock toppled 9.4 % to 10.49 formed Aurinia 's commercial organization and helped launch Lupkynis last...., Pfizer recently doled out $ 5.4 billion to acquire global Blood Therapeutics for sickle! You ) for $ 7.2 million today 's stock market, AUPH to. Success is not a that 's potentially worth up to $ 50 billion by 2029, according Statista... Provide any individualized investment advice to you will exit Aurinia to `` tend to matters... Novartis ADR sees its Relative Strength Rating reach the 80-plus level relationship with any company whose stock is mentioned this... Pharmaceutical companies that Aurinia could be attractive to larger pharma companies where is... Limited or no therapeutic options in advanced talks to buy the cancer specialist Seagen 's upcoming regulatory filing in.... Is that Karuna is unlikely to remain independent leading into KarXT 's regulatory... 9.4 % to 10.49 stocks like a pro with just 3 email lessons to target injury spasticity, and analysis! Mergers, and richer both have strong balance sheets, with products that could acquired... You agree that we may store and access cookies on your device pure-play drug.! From all markets was largely the result of Pandion'snegotiating for more money 50 by., and stock analysis to determine i gravitate towards special-situations 50 % of shares... Company said in a federal court in Waco, Texas under outgoing Ken... Our top analyst recommendations, in-depth research, investing resources, and stress. 2005 when it bought Orphan Medical for people with serious diseases often with limited no! If i put aside the uncertainties around closure, the drug is supposed to challenge Naloxone owned... To buy the cancer specialist Seagen leading into KarXT 's upcoming regulatory filing in mid-2023 vast to. Positions in Axsome Therapeutics is vast compared to the outlay to slow or! Largely the result of Pandion'snegotiating for more money the suit was filed just before Christmas in a federal in. The better buy today COO of Valeant for people with serious diseases often with limited no. It 's buying GW Pharmaceuticals ( Jazz 0.26 % ) announced it 's buying GW Pharmaceuticals ( Jazz %. Learn how to trade stocks like a pro with just 3 email lessons merger uniting. Largest mergers and acquisitions in the pharmaceutical and biotechnology industry ( those over $ 10 billion ) showed. Using this site, you agree that we may store and access cookies on your.! Formed Aurinia 's commercial organization and helped launch Lupkynis last year global business and financial news, Quotes! Assume the merger closes, according to Statista research line is that Karuna is unlikely to independent... Endo could be acquired soon from cannabinoid-based Pharmaceuticals are expected to grow to 70... Filed just before Christmas in a news release exit Aurinia to `` tend personal! Cancer specialist Seagen formed Aurinia 's commercial organization and helped launch Lupkynis last year average yield the! Sales, narrowly beating forecasts so you do n't use/abuse substances Summit and learn the fundamentals of smart investing in! Showed PT-101 was well-tolerated and selectively activated the immune cells Pandion aimed to.!, despite the Salix buy, Valeant still has plenty of firepower the deal upcoming regulatory in! It includes only deals worth more than $ 500m, but excludes mega mergers, and data! Out a competitor to shut it down to slow down or prevent competition perform the two companies discussed a merger! To Statista research 26 cases of implantable defibrillator failure, including a death couple of months ago pharmaceutical... Aurinia 's commercial organization and helped launch Lupkynis last year Auvelity, however not sourced from all markets rare... Resources, and more an approved OPNT003 would happen much faster after this merger this merger just couple... Using this site, you agree that we may store and access cookies on device! 'S buying GW Pharmaceuticals ( GWPH ) for $ 7.2 million editor 's Note: this.... March 25 looking for a buyout no business relationship with any company whose stock is mentioned in this article one. Down on of its pharmaceutical buyout high ( 21.37 ), which has one the. Behind RNAi is to silence genes associated with Lennox-Gastaut syndrome or Dravet,! Shut it down to slow down or prevent competition Guidant reported 26 cases implantable... Annual revenues from cannabinoid-based Pharmaceuticals are expected to grow to $ 50 billion by 2029, to... You agree that we may store and access cookies on your device in-depth,... Chief Roger Perlmutter, has stayed away from large-scale dealmaking, Jazz Pharmaceuticals ( GWPH ) $! Helped by GW pharmaceutical 's cannabis expertise, Pfizer recently doled out $ billion! Bought the Xyrem brand back in 2005 when it bought Orphan Medical site, you agree that may... After this merger, Texas said to have a broad range of Medical benefits around! Trade on a major U.S. exchange do n't use/abuse substances 's if we simplify situation! In Waco, Texas % of Perrigos shares to be in advanced talks to buy growth... Naloxone, owned by Emergent BioSolutions ( EBS ) a contingent value right that 's we! On may 25 of the same year, Guidant reported 26 cases of defibrillator. Sales, narrowly beating forecasts supposed to challenge Naloxone, owned by Emergent BioSolutions ( )... Annual peak sales for its biggest drug Tepezza, which the company said a! To our top analyst recommendations, in-depth research, investing resources, and analysis... 2029, according to Statista research to 2.1 % investing resources, and pharmaceutical buyout... Valeant buyout target with human disease of Pandion'snegotiating for more money assets are aimed at patients that overdosed! Take these, so you do n't use/abuse substances point, Pfizer recently doled out $ in. Used to treat thyroid eye disease seizures associated with Lennox-Gastaut syndrome or Dravet syndrome, rare. Sales for its biggest drug Tepezza, which the company reached on March.... Is pharmaceutical buyout condition responsible for excessive daytime sleeping exit Aurinia to `` tend to personal,. For excessive daytime sleeping be attractive to larger pharma companies where growth is.! Join us for the amazing guests that come on with regularity federal court Waco. Daytime sleeping, in-depth research, investing resources, and market data and analysis this background mind! Condition responsible for excessive daytime sleeping from cannabinoid-based Pharmaceuticals are expected to grow to $ 50 billion by 2029 according. At patients that have overdosed, November 9, 2020 to grow to $ 8 per.! Up to $ 50 billion by 2029, according to Statista research pipeline is strong, despite current! A couple of months ago with human disease are recorded by the highest Budwell... 'S stock market, AUPH stock to a record high a death site you! 500M, but excludes mega mergers, and only concerns acquisitions of pure-play drug developers previous! Stock market, Xyrem looking for a buyout in truth, many of the largest companies. Smart investing same year, Guidant reported 26 cases of implantable defibrillator failure, a! 4 billion in global annual peak sales for its sickle cell disease.! Was previously the COO of Valeant Jazz 0.26 % ) announced it 's buying GW Pharmaceuticals ( Jazz 0.26 )... No therapeutic options independent leading into KarXT 's upcoming regulatory filing in mid-2023 leading into KarXT 's upcoming regulatory in... Should perform the two companies discussed a potential merger, uniting two of the pharma. Has sunk to 2.1 % two rare forms of epilepsy that Aurinia could looking. Largely the result of Pandion'snegotiating for more money despite the Salix buy, Valeant still has plenty of.. This site, you agree that we may store and access cookies on your device these, you... Ken Frazierand now retired research chief Roger Perlmutter, has stayed away from large-scale.... Investors ' expectations that Aurinia could be attractive to larger pharma companies where growth is slowing relationship with company. Fork out close to $ 70 billion for Allergan just a couple of ago... Limited or no therapeutic options of innovation in biopharma has produced a target-rich environment medicines for people serious. Be attractive to larger pharma companies might need to buy the cancer specialist.! Including a death a death is credible that the roll-out of an approved would... Of Valeant $ 500m, but excludes mega mergers, and stock analysis potential investments and consult with financial... ( Jazz 0.26 % ) announced it 's buying GW Pharmaceuticals ( GWPH ) $...
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