Report
Karen Andersen
EUR 100.00 For Business Accounts Only

Maintaining Our Roche FVE Following Spark Deal; Fair Price to Expand Hemophilia Portfolio

Roche will acquire gene therapy firm Spark Therapeutics for $4.3 billion in a deal that not only adds to Roche's hemophilia portfolio but also gives access to gene therapy technology for use in other therapeutic areas, including ophthalmology, neurology, and other rare genetic diseases. Roche's tender offer of $114.50 in cash per share represents a 122% premium to Spark's closing price as of Feb. 22, and the deal is expected to close in the second quarter. Overall, we think Roche is paying a fai...
Underlying
Roche Holding Ltd

Roche Holding is a healthcare company. Co. operates in two Divisions, Pharmaceuticals and Diagnostics. Co.'s pharmaceuticals division is comprised of two business segments Roche Pharmaceuticals and Chugai. Co.'s pharmaceuticals division provides therapies including Cotellic, in combination with Zelboraf for advanced melanoma, and Alecensa for a specific type of lung cancer. Co.'s diagnostics division consists of four business areas: Diabetes Care, Molecular Diagnostics, Professional Diagnostics and Tissue Diagnostics. Co.'s diagnostics division provides in vitro diagnostic tests, used by healthcare providers to screen, diagnose and monitor therapies.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Karen Andersen

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