GSK extends tender offer for Genelabs Technology stock
PHILADELPHIA GlaxoSmithKline has extended a tender offer to purchase all outstanding shares of common stock of Redwood City, Calif.-based Genelabs Technologies, the British drug maker announced Monday.
GSK plans to purchase the stock for $1.30 in cash per share without interest, minus any required withholding taxes. The offer will expire at midnight Dec. 12, unless it is further extended.
As of 5 p.m. Thursday, about 3.46 million shares of Genelabs common stock had been tendered and not withdrawn pursuant to the tender offer, representing about 7.8 percent of the outstanding shares of Genelabs common stock on a fully diluted basis.
CVS Caremark plans to open location in Tulsa area
TULSA, Okla. CVS Caremark is looking to enter the Tulsa market in 2009, according to a local news report.
The company currently has 34 pharmacy locations in the state, but none that operate in the Tulsa area. According to the report, the company will open two or three stores in that market.
According to the report, one of the stores will be located at the site of a former Bennigan’s restaurant at the northeast corner of 71st Street and Yale Avenue—one of the business intersections in south Tulsa. The current building will be torn down for construction of the pharmacy, which is expected to open in October.
Humana expands MinuteClinic network for TRICARE customers
LOUISVILLE, Ky. Humana Military Healthcare Services, a subsidiary of Humana Inc., has added additional MinuteClinic locations for its TRICARE benefits customers.
Initially, MinuteClinic services were available to beneficiaries in select cities in Oklahoma and Texas beginning in October. Clinics are now available to beneficiaries in the following locations: Boca Raton/West Palm Beach, Fort Lauderdale, Jacksonville, Miami, Orlando and Tampa in Florida; Atlanta, Ga.; Columbia, Greenville/Spartanburg/Anderson, S.C.; and Knoxville and Nashville, Tenn.
“MinuteClinic has been a great addition to our provider network,” said Dave Baker, president of chief executive officer of HMHS. “We are pleased with the success of this relationship and the ability to expand this service to more beneficiaries in the South region.”