Gland Pharma shares soared up to 5 per cent in early trade after the US drug regulator approved the company's Phytonadione Injectable Emulsion USP, 10 mg/mL Single Dose Ampules.
Private equity firms Carlyle Group Inc.’s AlpInvest and Sixth Street are backing Essential Pharma as part of a €900 million ($945 million) recapitalization of the drugmaker.
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 22.22% ...