This Biotech Rejects a Gift Offer
The following video is part of our "Motley Fool Conversations" series, in which health-care editor/analyst David Williamson and consumer goods editor/analyst Austin Smith discuss topics across the investing world.
In today's edition, David and Austin discuss Human Genome Sciences' recent rejection of partner GlaxoSmithKline's buyout offer. Big pharma has been on the hunt recently, snapping up assets and restocking pipelines to mitigate the damage from the patent cliff. David and Austin catch viewers up on why HGS is an attractive asset for Glaxo and why HGS management declined a seemingly generous gift to shareholders who are down significantly over the last year.
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At the time this article was published Austin Smith has no positions in the stocks mentioned above. David Williamson owns shares of Dendreon. The Motley Fool owns shares of Dendreon and GlaxoSmithKline.Motley Fool newsletter services recommendGlaxoSmithKline. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.