AstraZeneca Plc and Cubist Pharmaceuticals Inc. are among the suitors that made first-round bids for Optimer Pharmaceuticals Inc., the antibiotics maker weighing a sale, said people familiar with the matter.
Theravance Inc., a biotechnology company seeking approval with GlaxoSmithKline Plc of the lung drug Breo, said it will split into two independent publicly traded companies. The shares rose as much as 13 percent.
Morgan Stanley’s Alex Glantz and Todd Davison, co-heads of media investment banking in North America, are among at least four bankers to leave the firm since bonuses were awarded in late February, people briefed on the matter said.
Centerview Partners LLP’s Lisbeth Barron , an investment banker to media companies such as Martha Stewart Living Omnimedia Inc ., is departing after two years to join Berenson & Co., another New York-based advisory boutique.