September 14, 2020 . This number included one patient who showed a ‘Durable Complete Response,’ defined as a demonstrated lack of detectable cancer. (To watch Raja’s track record, click here) What does the rest of the Street have to say? The content is intended to be used for informational purposes only. In fiscal year 2019, Varian’s revenues had amounted to US$3.2 billion with an adjusted operating margin of approximately 17%. German healthcare group Siemens Healthineers has offered concessions in a bid to secure EU antitrust approval for its $16.4 billion acquisition of U.S. peer Varian Medical Systems. Ocugen gets a head start, as COVAXIN has already been granted emergency use authorization in India. China is attempting to dominate the projected $802 billion electric vehicle market, but America could pull ahead with the help of innovative companies. “Compared to COVID-19 vaccines currently authorized under EUA, COVAXIN could induce more broad immunity targeting multiple viral proteins, potentially resulting in better protection against emerging mutant viruses, such as the UK and South African variants,” the 5-star analyst noted. CNS Pharmaceuticals (CNSP) We will start with CNS Pharmaceuticals, a biotechnology company with a focus on the treatment of glioblastomas, a class of aggressive tumors that attack the braid and spinal cord. Under the terms of the agreement, Siemens Healthineers will acquire all of the shares of Varian for US$177.50 per share in cash. Unsurprisingly, the loan default rate for for-profit college debt is higher than it is for public or private non-profit colleges. The Higher Education Act of 1965 gives the president the authority to forgive student loan debt by issuing an executive order, and the Biden administration has signaled that they are open to the idea. “Additionally, COVAXIN only requires a standard vaccine storage temperature, compared to the more stringent storage requirements for the mRNA vaccines.” The vaccine, therefore, “could strengthen the arsenal to fight against the pandemic.” Ocugen is already in talks with the FDA and the Biomedical Advanced Research and Development Authority (BARDA) to map out the path forward to “a successful EUA.” Given the dire need for Covid-19 vaccines, Ramakanth believes that should the Indian Phase 3 study display more than a 50% success rate, there’s a possibility the FDA could make an “unprecedented move” and grant COVAXIN EUA status. The lawmakers emphasized that student debt cancellation wasn’t merely an economic stimulus, however, but a racial justice issue that would significantly close the racial wealth gap. The German medical technology company offered $177.5 a share for the Palo Alto, California-based business, 24% more than its closing price on Friday. The second half of the year saw continued deal activity in HCLS, including Siemens Healthineers US$16.4 billion acquisition of Varian and the sale of German-Spanish pharmaceutical producer Neuraxpharm. The Biden Stock Market Won’t Be Like the Trump Market. (Bloomberg) -- The oil-rich Canadian province that was hit hard by Joe Biden’s move to kill the Keystone XL pipeline is considering seeking compensation from the U.S. through an old free-trade rule that’s still in place.Alberta, which spent C$1.5 billion ($1.2 billion) to help jump start construction of the project, may resort to a North American Free Trade Agreement provision allowing compensation claims for lost investments, Alberta Premier Jason Kenney said. Antitrust Mix by CPI. “And I know how young people struggle to pay this debt. Varian/Siemens prep CFIUS filing, unusual merger provisions suggest buyer’s uncertainty. So as we work to ensure an equitable recovery to the current crisis, we cannot afford to simply tinker around the edges.” Warren noted that, after 20 years of repayment, white students on average had just 5% of their student debt remaining. Siemens put in its offer on January 29, according to a European Commission filing which did not provide further details. Healthineers will finance the acquisition through a 15.2 billion-euro ($17.9 billion) bridge loan from Siemens AG, followed by a capital increase this year that the parent company will not participate in. The Dow Jones Industrial Average rallied 100 points as Johnson & Johnson rose on vaccine news and the Senate approved a relief package. (To watch Jallah’s track record, click here) Other analysts are on the same page. Siemens Healthineers said the purchase will a have a positive effect on earnings per share withing the first 12 months of the closing. The acquisition comes amid early signs of a pickup in deals after the spread of the coronavirus and a worsening economic outlook damped sentiment this year. Ocugen will take on all aspects of U.S. based responsibilities, including clinical development, regulatory approval, and commercialization. High-dividend stocks can be misleading. Here Are 6 to Consider for Yield. Worldwide, Varian has 50 percent and Siemens has 35 percent. The collaboration covers the mutual marketing and representation of products for imaging and treatment in the global radiation oncology business. Siemens Healthineers, the 2018 medical spinoff from Siemens, announced on August 1, 2020 the acquisition of Varian Medical Technologies Inc. of Palo Alto, California for an astounding $16.4 billion. Roughly 45 million Americans currently carry about $1.7 trillion in student debt. Siemens Healthineers AG Communications Dr. Matthias Kraemer Henkestr. Watch these five dividend payers on IBD's radar. Revenue in the third quarter was 3.31 billion euros while earnings before interest and taxes reached 461 million euros, the company said Sunday. It’s official, a new Covid-19 vaccine candidate has entered the fray. By John Jannarone and Jarrett Banks Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter. Thought Leadership. Currently, federal student loan payments are paused and interest rates are at 0% until September 2021. The company also expects full-year earnings per share of between 1.54 euro and 1.62 euro, compared with 1.57 euro last year. Though it would cancel $50,000 of federal student debt for most people, it doesn’t apply to everyone, only those who make under $125,000 a year. Its acquisition of Varian Medical Systems for $16.4bn in cash is the biggest healthcare deal of 2020, and a bold move at a time of investor apprehension about procedure volumes in the near future. Among the bulls is Brookline’s 5-star analyst Kumaraguru Raja who takes a bullish stance on CNSP shares. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Olivier N. Antoine is a partner in Crowell & Moring's Antitrust & Competition Group in the firm's New York office.. Olivier's practice involves antitrust counseling on a broad range of competition and antitrust law matters in the United States and abroad, with particular focus on mergers, acquisitions, and joint ventures, as well as U.S. and international monopolization and cartel matters. Siemens Healthineers AG (Siemens Healthineers) entered into an agreement to acquire Varian Medical Systems, Inc. (Varian), a global leader in cancer care. The … Respected economists were quick to point out the lack of demand for money relative to rapidly expanding supply, slack in the lockdown economy, and prevailing expectations for deflation based on recent history. Clover Health Investments (CLOV) on Friday responded to an attack from Hindenburg Research claiming the tech-focused healthcare company concealed key information from investors, including an active Justice Department investigation. The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years. Hold) to Buy with a $4.5 price target. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. “It won’t be a short-term topic, but one we can look at next year,” Schmitz said. (Adds premier Kenney’s comments in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Americans have questions about how to fund their retirement, prioritize their financial goals and pay off debts — and MarketWatch has answers. Represented Siemens Healthcare in its global collaboration with Varian Medical Systems. 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