Loxo Oncology • NASDAQ:LOXO • NASDAQ • Share • Stock (2/40)

List item

Real Investment News

Shares of BeiGene Ltd. and Loxo Oncology Inc are climbing higher mid-day, NVIDIA Corporation shares also topping the list today, and Tesla is trading down. Here is your Mid Morning Market Report!

Eli Lilly Is Buying Loxo Oncology — and Paying a Big Premium for ItBy

  • Order Reprints
  • Print Article

Photograph by Pawel Czerwinski
Text size

Shares of Loxo Onocology (ticker: LOXO) were indicated up about 65% in premarket trade Monday, after the biopharmaceutical company agreed to be acquired by Eli Lilly (LLY) in a deal valued at $8.0 billion. Lilly’s stock fell 2.0% ahead of the open.

Under terms of the deal, Lilly will pay $235 in cash for each Loxo share outstanding, which represents a 68% premium to Friday’s closing price of $139.87, and 24% above Loxo’s record close of $189.96 on July 6, 2018.

The deal is the largest in a series of acquisitions by Lilly to broaden its cancer treatment efforts, Lilly said. The deal is expected to close by the end of the first quarter. The company said it will provide an update to 2019 financial guidance, when it reports fourth-quarter results on Feb. 13.

Loxo shares have lost 12.4% over the past three months and Lilly shares have eased 0.3%, while the SPDR Health Care Select Sector ETF has shed 8.8% and the S&P 500 has declined 12.3%.

Eli Lilly to buy Loxo Oncology for about $8 billion in cancer bet

Eli Lilly buying Loxo Oncology for $8B
Eli Lilly set to buy Loxo Oncology for $8B  

Eli Lilly said on Monday it would buy Loxo Oncology for about $8 billion in cash, buying into a portfolio of targeted medicines to treat cancers.

The offer of $235 per share in cash represents a premium of about 68 percent to Loxo’s Friday close. Loxo’s shares surged 32.8 percent to $185.70 in light trading before the bell, while those of Lilly dropped 2.7 percent to $111.60.

Last year, U.S. regulators approved Loxo’s first commercial medicine, Vitrakvi, which was shown to be effective against a wide variety of cancers driven by a single, rare genetic mutation. The drug is sold in partnership with Bayer.

Loxo Oncology is developing a pipeline of targeted medicines focused on such cancers that can be detected by genomic testing.

Deutsche Bank is Lilly’s financial adviser and Weil, Gotshal & Manges is its legal adviser. Goldman Sachs is the financial adviser, while Fenwick & West is legal adviser to Loxo.

The Lilly acquisition comes a week after Bristol-Myers Squibbannounced plans to buy Celgene in a blockbuster $74 billion deal.

CNBC contributed to this report.


Castleark Management LLC Sells 1,150 Shares of Loxo Oncology Inc (LOXO)

Castleark Management LLC decreased its holdings in Loxo Oncology Inc (NASDAQ:LOXO) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,445 shares of the biopharmaceutical company’s stock after selling 1,150 shares during the quarter. Castleark Management LLC owned 0.11% of Loxo Oncology worth $5,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Man Group plc raised its holdings in Loxo Oncology by 8.1% during the 3rd quarter. Man Group plc now owns 27,208 shares of the biopharmaceutical company’s stock valued at $4,648,000 after buying an additional 2,039 shares during the period. Pacer Advisors Inc. purchased a new stake in Loxo Oncology during the 3rd quarter valued at $255,000. Jane Street Group LLC purchased a new stake in Loxo Oncology during the 3rd quarter valued at $664,000. Deutsche Bank AG increased its stake in Loxo Oncology by 41.2% in the third quarter. Deutsche Bank AG now owns 228,429 shares of the biopharmaceutical company’s stock worth $39,021,000 after purchasing an additional 66,647 shares during the period. Finally, LPL Financial LLC purchased a new stake in Loxo Oncology in the third quarter worth $244,000. 96.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Loxo Oncology stock traded up $8.85 on Friday, reaching $139.87. The company’s stock had a trading volume of 328,940 shares, compared to its average volume of 342,267. The stock has a market capitalization of $4.29 billion, a PE ratio of -26.34 and a beta of 1.93. Loxo Oncology Inc has a 52-week low of $82.74 and a 52-week high of $208.95.

Loxo Oncology (NASDAQ:LOXO) last issued its quarterly earnings results on Thursday, November 8th. The biopharmaceutical company reported ($0.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.65) by ($0.24). The firm had revenue of $42.47 million during the quarter, compared to analyst estimates of $38.55 million. Loxo Oncology had a negative return on equity of 16.42% and a negative net margin of 43.49%. During the same period in the prior year, the firm earned ($2.45) earnings per share. Equities analysts forecast that Loxo Oncology Inc will post -2.25 EPS for the current fiscal year.

Hits: 6

What do you think?

Written by top40

Hello Again and Thanks for reading it is I David "Top40" Ellenberger with an update on the status of my lawsuit against Alphabet inc case # 4:20-CV-04877-SVK  and the website and life in general. By now if you regularly visit InternetTop40.com you may have read this section "author info" or Bio. So I am adding to it with more bio and more info. I originally liked the idea of voting on the internet 20-25 years ago when I first got online with WebTV (does anyone remember that?). The technology at that time was not advanced enough to easily be able to vote online or watch videos or much else for that matter but I was hooked and look at what we can do now with videos, IOT, and everything else, but I digress. I started InternetTop40.com about 5 years ago and the user base has been going up steadily ever since. I wanted to be another Facebook, with music and voting and that is all coming together slowly but surely. BTW if you want to help or have any interest please feel free to email me anytime.  Now in my previous Author Info or bio page I made it clear or at least I thought I made it clear, I am personally suing Alphabet inc. in Federal Court for Fraud. I have evidence to prove they are not counting all the pageviews, among other things and defrauding myself and probably millions of other website owners and content creators out of Billions of dollars. So if I wasn't clear or you didn't know it's true I am suing Alphabet inc. in Federal Court for Fraud the case was recently moved from my state of Kentucky to N. California to make it easier for Alphabet inc. to steam roll me or so they think. Needless to say if you are interested and I hope you are you can look the case up online under my name "David Russell Ellenberger" or the case # which is 4:20-CV-04877-SVK.

Now, I want to make it clear to you and everyone that I am not suing Alphabet inc. aka Google for fraud just because I want a million dollars for nothing. I am suing Google for fraud because I think they are committing  a serious crime with worldwide and societal ramifications, it is a  very serious problem.  I am suing Google for fraud because to put it simply the analytics numbers don't add up at least not in my favor or yours, there is something very fishy going on with the Google analytics numbers. Of course Google has an excuse for every one of them but I have reasons and the actual numbers and they don't add up, more about the numbers later. Companies like Google are making Billions of dollars a year in profits telling us data is the most valuable thing and misleading us and misdirecting the media and the world every chance they can.  Now data is valuable and they are making billions in profits seemingly like magic but there is no magic to it just corruption and lies. One thing Alphabet inc. aka Google is really making their money from and that is advertising dollars and they are putting all of this advertising on the websites other people have created. Websites that I have created and  websites you have created and websites millions of others around the world have created websites or content. For example Just writing a text is creating content and that's where Google puts the billions in advertising they receive and keeping most of it for themselves. Yes content others have created and yet somehow they are keeping almost all of these billions for themselves and not distributing it equitably to the real workers the true content creators who actually deserve the advertising monies. Google has made it's billions on the backs of you and me. Think about that for a minute, how can they continue to justify this? They Can't, it has to change.

For example if I were to prevail in the current lawsuit just half of the monies or $20 billion put into a basic account and compounded at 5% annually we could realistically employ over 800,000 people at $24,000 a year, indefinitely.  Sounds unbelievable but its true and if we only employed 400,000 people we could pay them $48,000 a year indefinitely. Its all true. Its simply a matter of having the money and the will to do it. Now is 400,000 people a lot well yes it would be more employees than almost any other company in the world and more than half the population of the entire city of Louisville, Ky.

I David Russell Ellenberger through my website InternetTop40.com am suing Google to try to help right a wrong. A wrong committed by Google that has simply gotten out of hand. Most people may think they can't do anything about it. Nothing can stop Google, the politicians don't care they use all of Googles data to further their own campaigns and line their own pockets while the rest of us keep on creating the content for Google, nothing can be done, this however is not the case, we can do something. The politicians and Alphabet inc. aka Google have done nothing to help society at large other than organize it so they can keep more money in secret and pay off all their buddies with their fraudulently obtained money. It's gotten so bad that the politicians and others in control won't even talk about it, they ignore it and hope it goes away, they won't even try to stop google because it is helping them too much and maybe they are scared of Google or who knows what they may be thinking. But it looks like fraud and it's coming to an end.

I'm telling you we can do something and I David Russell Ellenberger an average citizen Content Creator am saying to you, I'm not scared of Google because I have nothing left to loose.  I David Russell Ellenberger am telling you there is something you too can do, if nothing else, tell all your friends to come to InternetTop40.com aka IT40, believe these words and Create your Content. Further I promise to you and all who read this if I do prevail in my lawsuit against Alphabet Inc. I will use half of any monies I may receive to pay "content creators" a living wage. I pledge to anyone who is reading this, I will use half of any monies I may receive to help those who really do want to work on the internet and create content and tell us what they think. I will use half of any money so you can Get Paid, I want you to get paid for the content you create and get paid everyday and Get Paid to Vote create data and to be able to do this work online and from your home or anywhere in the world you care to be. Because in the words of an ancient scholar Y-O-U are the business Y-O-U are creating all the data, Y-O-U are the content creators and Y-O-U are all that matters.

Now the main thing I want you to take away form this and to know, Alphabet inc. is and has been committing fraud against you, me and everyone who uses the internet. I don't think Google started out to defraud the world it has just degenerated into this endless morass of corruption and fraud and no one seems to care, Well I care and I know you care too.  Sadly Google has been doing this with impunity for years and it is only getting worse. Please don't let them fool you with their lies and obfuscation. Do some research create some content build a website and research the analytics numbers you will find I am right. Google owes you, me and everyone online thousands if not 10's of thousands of dollars for all the data and advertising dollars they have co-opted from you and the rest of the world. So join with me don't use any Google products or file your own lawsuit in federal court against Alphabet inc. I will be glad to help you any way I can and show you how to do it if need be. It will take a sincere effort on your part but it will definitely help your self esteem, society and the world.

Now that's about all I have to say on this subject for now.  I will tell you this if you want more information or you have questions or comments for me, my email is [email protected] Thank you for reading looking and listening and believing in InternetTop40.com Please tell all your friends about us and don't forget to vote Thumbs up or down and refresh your page when your done. oh yeah and those funny old men running for president vote on one of them too or not. One last Thing, I need all the help I can get I am only 1 person but together and with todays technology we can move mountains and reframe society and our world the way we want it to be. Thank you ttyl



Leave a Reply

Your email address will not be published. Required fields are marked *



Dabo Swinney • Clemson Tigers football • Alabama Crimson Tide football • College Football Playoff National Championship • Atlantic Coast Conference • ACC Digital Network • College Football Playoff • Nick Saban (3/40)

Matt Nagy • Field goal • Chicago Bears • Cody Parkey • NFL (4/40)