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Click here to add this page to your favorites"); . GlaxoSmithKline today announced that it is going to acquire Sirtris (NASDAQ:SIRT) for $720 million through a cash tender offer of $22.50 per share. Sirtris Pharmaceuticals Inc. filed with regulators on Thursday to raise up to $60 million in an initial public offering of common stock. Sirtris Pharmaceuticals has established a drug discovery capability to exploit sirtuin modulation for the treatment of human disease, an approach that has the potential to generate multiple clinically and commercially important products. Sirtris shares closed down 4% Tuesday prior to the news, at $12.23. Latest Deal Amount. This stock price chart for SIRTRIS PHARMA INC., symbol SIRT, Nasdaq Stock Exchange is updated The $22.50 per Sirtris share that GSK paid as part of the deal represented a nearly 85 percent premium to Sirtris’ stock price at the time the deal was announced. Developer of proprietary, orally administrable, small molecule biopharmaceutical drugs intended to cure type 2 diabetes, cancer, and other diseases. Post-acquisition, Sirtris will become part of Glaxo's drug discovery organization, while continuing to operate from laboratories in Cambridge, Mass., as an autonomous drug discovery unit. This stock price chart for SIRTRIS PHARMA INC., symbol SIRT, Nasdaq Stock Exchange is updated weekly. Sirtris Pharmaceuticals Inc. Another hot stock is Sirtris Pharmaceuticals. Sirtris Pharmaceuticals™ (NASDAQ: SIRT) is a biopharmaceutical company focused on discovering and developing proprietary, orally available, small molecule drugs with the potential to treat diseases associated with aging, including metabolic diseases such as Type 2 Diabetes. Sirtris Pharmaceuticals ' first drug is a treatment for diabetes. Sirtris Pharmaceuticals (NASDAQ: SIRT) is a biopharmaceutical company focused on discovering and developing proprietary, orally available, small molecule drugs with the potential to treat diseases associated with aging, including metabolic diseases such as Type 2 Diabetes. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services } GlaxoSmithKline (GSK) to Acquire Sirtris Pharmaceuticals, a World Leader in "Sirtuin" Research and Development for $720M 4/23/2008 LONDON, PHILADELPHIA AND … CEO Christoph Westphal and the management team will continue to lead the unit. As part of a potential partnership with GlaxoSmithKline, Sirtris suggested the British pharmaceuticals giant buy a stake for $25 per share, nearly double Sirtris's stock price at the time. The company also has discovered new chemical entities that are significantly more potent activators of SIRT1 and should enter the clinic this year, according to some analysts. [6] Studies published in 2009 and early 2010 by scientists from Amgen and Pfizer cast doubt on whether SIRT1 was directly activated by resveratrol and showed that the apparent activity was actually due to a fluorescent reagent used in the experiments. Company profile page for Sirtris Pharmaceuticals Inc including stock price, company news, press releases, executives, board members, and contact information Their stock opened with $10.00 in its May 23, 2007 IPO. Sirtris is a biopharmaceutical company that's developing drugs to target a class of enzymes called sirtuins. Under the agreement, a subsidiary of GSK will commence a cash tender offer to purchase all of the outstanding shares of Sirtris, at USD22.50 (or approx. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services Big pharma companies, pained by generic competition, have turned to licensing deals and acquisitions to bolster their pipelines. Sirtris founder and CEO Christoph Westphal will remain head of the unit once the cash sale of about $22.50 per share closes later this year. Stock Symbol NASDAQ:SIRT ; Money Raised at IPO $60M; IPO Share Price $10.00; IPO Date May 23, 2007; Delisted Date Mar 13, 2013 When I pointed at Sirtris Pharmaceuticals in February I was considering to invest in that stock but had no money left. [Updated 2:25 pm ET, 3/13/13] GlaxoSmithKline is closing down Cambridge, MA-based Sirtris Pharmaceuticals, almost five years after it paid $720 million to … And Sirtris says it is close to launching clinical trials for experimental drugs that could prove to be up to 1,000 times more potent. via: Sirtris Action Alerts PLUS is a registered trademark of TheStreet, Inc. As followers of the drug industry know, GlaxoSmithKline famously paid $720 million to buy Sirtris Pharmaceuticals in 2008. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Markets Data Center: Biggest Price Gainers. $376M. Description. Glaxo's shares edged up 9 cents, or 0.2% to $43.82 in recent post-market trading. Biopharmaceutical company Sirtris Pharmaceuticals Inc. said it would sell 5 million shares in its initial public offering at $9 to $11 apiece. A high-level overview of Sirtris Pharmaceuticals (SIRT) stock. The stock market hasn't been kind to Sirtris, which was trading at $12, down 45% from its 52-week high. GSK paid $22.50/share, when Sirtris's stock was trading at $12/share, down 45% from its highest price of the previous year. if ((navigator.appVersion.indexOf("MSIE") > 0) && (parseInt(navigator.appVersion) >= 4)) { Inc., symbol SIRT, Nasdaq stock Exchange is updated weekly Sirtris says it close! From its 52-week high by generic competition, have turned to licensing deals and to... Molecule biopharmaceutical drugs intended to cure type 2 diabetes, cancer, and more sirtris pharmaceuticals stock price alerts! 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