Jul 04th 2012 - Edison Investment Research today published a report on SkyePharma (SKP.L, LSE:SKP, LON:SKP) entitled "Hallelujah". In summary, the report says:
The European Commission’s adoption of a legally binding decision in favour of granting marketing authorisations for Flutiform effectively marks the conclusion of the tortuous EU regulatory process and prompted a 30% rally in the shares yesterday. Flutiform’s launch by Mundipharma in the initial EU markets – the UK and Germany – can now be assumed for late Q3. The EU approval and launch is an essential condition for SkyePharma to restructure its balance sheet, and, once achieved, this should mean shareholders at last see returns that reflect its operating performance.
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