SkyePharma (LON:SKP) - A flurry of activity...
Sep 26th 2012 - Edison Investment Research today published a report on SkyePharma (SKP.L, LSE:SKP, LON:SKP) entitled "A Flurry Of Activity...". In summary, the report says:
SkyePharma’s partner, Mundipharma, has now launched flutiform in the UK at a meaningful discount to the existing leading products. This suggests a different emphasis to flutiform’spositioning in Germany, where the discount was slight. In a busy week, theproposed restructuring of its convertible bonds was approved and Kyorin submitted flutiform for registration in Japan earlier than we expected. After adjusting for the restructuring of the bonds, our NPV model suggests the equity is worth 250p a share.
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