Print
Health Care

Furiex Sees Stock Price Rise After Acquisition News

By Jenny Callison, posted Apr 30, 2014
Since the announcement by Furiex Pharmaceuticals on Monday that it has agreed to be acquired by Forest Laboratories for about $1.1 billion, its stock has taken a sharp tick upward.
 
On Tuesday, USA Money reported that shares of Furiex, founded by PPD founder and former chairman Fred Eshelman, soared almost 29 percent in pre-market trading that day. It included Furiex on its list of five technology stocks to watch.
 
As of press time Wednesday, shares of Furiex, which trades on the NASDAQ, were selling at $103.50.
 
In Monday’s announcement, Furiex reported that Forest will pay about $95 per share, for a total of about $1.1 billion, and up to $360 million more, based on the FDA’s ultimate rating of eluxadoline, Furiex’s new drug for treatment of the diarrhea strain of irritable bowel syndrome.

Furiex is officially based in Morrisville, but Eshelman's offices are in Wilmington, and many company employees work remotely.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Mel profilephoto

Influencer Marketing: Tap Into Your Audience On A Budget

Mel Beasley - Wide Open Tech
Chris coudriet

County Takes Innovative, Forward-Thinking Approach For Pandemic Operations

Chris Coudriet - New Hanover County Government
David webversion headshots march21 8172134246

10 STEPS TO PREPARE YOUR FACILITY FOR HEAVY STORMS

David Grandey - Highland Roofing Company

In The Current Issue

Sauce'd Focuses On Cocktails, Fries

The cocktail-and-fries concept combines two well-loved staples into a creative business model....


Rural Realtors See Some Similar Trends

Some rural areas have experienced the same trends, albeit on a smaller scale, as more-populated communities when it comes to residential rea...


Veterans Extend Their Hospitality

Veteran-owned businesses abound in Wilmington and nearby communities and can be found in the local hospitality industry....

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100