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OSI Brushes Off Hostile Bid, Cancer Stocks Surge

Posted by Owen Vater at 12:48PM on March 1st

OSI Pharmaceuticals (OSIP) soared by over 50% on Monday after receiving an unsolicited buyout bid from Astellas Pharma (OTC: ALPMY) worth $52 per share.

According to a press release this morning, OSI Pharmaceuticals isn’t interested in the $52 per share offer it received…

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Healthcare Guru Adds Selected Biotech, Pharma Stakes

Posted by Max Magee at 10:03AM on November 11th

For healthcare investors, Sectoral Asset Management has been a Pro to watch. According to the firm’s website, it is “an industry-leading specialist in managing global investment portfolios in the healthcare sector” and manages $4 billion in assets.

Sectoral has been known…

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Galleon Scandal Leads to Its Demise

Posted by Owen Vater at 10:56AM on October 21st

After surviving the recession, Galleon funds are poised to meet their demise.

According to today’s report by The Wall Street Journal, a recent insider trading scandal has led Galleon Group to wind down all of its hedge funds. The company’s founder,…

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