Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Dr. Phillip Frost’s Opko Health pays Israeli Inspiro Medical $10 Million

OPKO,    Teva

 –

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Dr. Phillip Frost’s , Opko Health (NYSE: OPK) , revealed that it agreed to pay $10 million for the Israeli Inspiro Medical, a next generation dry powder inhaler to treat respiratory disorders. The deal was announsed on April 17, but it didn’t disclose the price at that time. The aquisition is expected to close in the second quarter.

Related Article:

A recent Securities and Exchange Commission filing by Opko Health reviled that Opko would pay Inspiro’s owners $1 million in cash and $9 million in newly issued Opko stock.
At its current price of $8.31 per share, it would take 1.08 million in Opko stock to reach a $9 million value. according to Yahoo! Finance, the company has about 413 million shares outstanding.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.