Company Updates, Takeover Offers, Stock Price Movements, and FDA Approvals - Analyst Notes on Chubb, Valeant, AstraZeneca, Mylan and Perrigo

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NEW YORK, May 20, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding The Chubb Corporation (NYSE: CB), Valeant Pharmaceuticals International, Inc. (NYSE: VRX), AstraZeneca Plc (NYSE: AZN), Mylan, Inc. (NASDAQ: MYL) and Perrigo Co. (NYSE: PRGO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:

The  Chubb  Corporation  Analyst  Notes
On May 15, 2014, The Chubb Corporation (Chubb) announced that it has created the Fine Art Practice at Chubb, assimilating its expertise of fine art resources in underwriting, loss prevention, appraisal and claims to respond to the ever-changing needs of its personal insurance clients. Melissa Lalka, Vice President and Worldwide Fine Art Manager for Chubb Personal Insurance, has been nominated to spearhead the project. Melissa Lalka, quoted, "By being able to connect with some of the world's leading authorities on art, we are able to settle some very complex claims fairly and efficiently. In some cases, it involves assisting in the restoration of a great work so it may be enjoyed by future generations, rather than simply paying for a loss." The Fine Art Practice has access to Chubb's global fine art resources, including 20 fine art and collector specialists in the U.S., as well as underwriting and claims professionals. The full analyst notes on Chubb are available to download free of charge at:

Valeant  Pharmaceuticals  International,  Inc.  Analyst  Notes
On May 13, 2014, Valeant Pharmaceuticals International, Inc. (Valeant) issued a press release responding to Allergan, Inc.'s decision to reject Valeant's proposal to combine with Allergan for $48.30 in cash and 0.83 shares of Valeant common stock for each Allergan share. Valeant stated that it will hold a webcast on May 28, 2014 at 8:00 a.m. ET/5:00 a.m. PT to discuss the advantages of their prosed offer. During the call, Valeant will also provide further details about its operating model, business strategy, and transaction cost synergies, and said that it plans to improve its offer for Allergan. Lastly, Valeant stated that it remains excited about the opportunity for value creation for all shareholders from the strategic and financial synergies resulting from this transaction. The full analyst notes on Valeant are available to download free of charge at:

AstraZeneca  Plc  Analyst  Notes
On May 15, 2014, stock of AstraZeneca PLC (AstraZeneca) closed at $80.52, up 2.85%. However, the broader market index (NYSE Composite), fell 0.82% to settle at 10,568.37. The stock opened at $78.67 and oscillated in the range $78.47 - $80.62 during the trading session. A total of 6.51 million shares traded during the day, higher than the previous day trading volume of 5.49 million shares and the 30-day average trading volume of 5.93 million shares. The shares are trading near their 52-week high of $82.68, which it made on May 1, 2014, when AstraZeneca rejected a takeover bid from Pfizer for the third time. The full analyst notes on AstraZeneca are available to download free of charge at:

Mylan,  Inc.  Analyst  Notes
On May 15, 2014, Mylan Inc. (Mylan) commented on the ruling by the U.S. District Court for the District of Columbia against Teva in their suit against the U.S. Food and Drug Administration (FDA), denying Teva's motion to block FDA from approving generic versions of Copaxone and dismissed the case for lack of jurisdiction. Heather Bresch, CEO, Mylan, quoted, "Teva's suit against FDA was simply a desperate, last minute tactic, among others, to delay access to more affordable generic versions of Copaxone® for patients in the U.S. Following the Court's decision against Teva, we continue to see no barrier to FDA approval of Mylan's generic Copaxone following patent expiry, and we look forward to being able to launch this very important first generic product for multiple sclerosis at market formation." The full analyst notes on Mylan are available to download free of charge at:

On May 12, 2014, Perrigo Company Plc (Perrigo) announced its receipt of final approval from the U.S. Food and Drug Administration on its Abbreviated New Drug Application (ANDA) for azelastine hydrochloride nasal spray (0.15%). According to Perrigo, Astepro Nasal Spray is a prescription medicine for people aged 12 years and above and is approved to treat nasal symptoms caused due to seasonal allergies or environmental irritants. The Company informed that ANDA involved contributions from both Perrigo and Impax Laboratories, Inc., who will share costs and benefits of the product. Perrigo stated that it has started to ship the product to its customers. The Company stated that as measured by Symphony Health Solutions, annual sales of Astepro Nasal Spray were approximately $97 million. The full analyst notes on Perrigo are available to download free of charge at:

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