ABII Abraxis Bioscience

If you are wondering what Abraxis Bioscience has up its sleeve with respect to their previously announced stock spin-off, you apparently are going to have to wait until March 11, 2010, before the market opens.  That’s when they have scheduled their conference call to report 4th quarter 2009 results.

Given the comment to an earlier post here and a cursory look at an ABII chart,  it looks like from an investor’s point of view it is time to do something. Whether that’s a stock spin-off or something else is their business.  I just hope they get a bit less stingy with their plans and reasons as it goes forward so we have something to go on.

Tags: stock spin-off

PPD Inc., a contract research organization (CRO),  has filed SEC documents,   Form 10 Registration Statement,  that moves it a step closer to the previously announced stock spin-off of its compound partnering subsidiary, Furiex.

What is a CRO?    PPD Inc. has provided us with a webpage on CRO’s that has a podcast so that you don’t even have to read.

PPDI

Furiex is a wholly owned subsidiary of PPD and the plan is that it will be distributed to shareholders of PPDI as a stock dividend.  When the spin-off is complete, Furiex will be a completely separate, publicly traded company.

Their present timeline calls for the stock spin-off to occur in mid-2010, though they note in their press release announcing the spin-off that a number of things have to happen in the mean time.

A Triangle Business Journal article notes that PPD Inc. employs about 2,000 people in the Raleigh-Durham area of North Carolina.  Hopefully, given the amount of local interest that 2,000 jobs can stir up, we will be getting more information from this source in addition to what is filed with the SEC.

Tags: Form 10, Furiex, PPDI, spin-off stock, stock spin-off