Vivus Inc.’s shareholders are poised to reap an 88 percent windfall in a takeover after the company’s weight-loss drug moved one step closer to winning approval to treat America’s 78 million obese adults.
Nomura Holdings Inc. is reviewing the financial viability of Nomura Code Securities Ltd., the Japanese bank’s U.K. brokerage specializing in health and clean- technology companies, said a person with knowledge of the matter.
Onyx Pharmaceuticals Inc., which surged more than 50 percent after rejecting a bid from Amgen Inc., is betting that potential suitors from Bayer AG to Bristol-Myers Squibb Co. are willing to offer even more.
Tokyo, Japan's busy center of government, culture, and the economy, has been an expensive place to live for decades. Going to a movie theater costs about $22 per ticket, and renting a two-bedroom apartment easily costs $5,000 per month. Even travelers pay about $50 per night to sleep in capsule hotels, where guests stay in a "room" measuring about 2 meters (6 ft., 7 in.) deep, 1 meter wide, and 1 meter tall. As the yen has strengthened against the dollar, from 110 yen in August 2008 to about 90 yen to the U.S. dollar this month, the cost of living for foreign nationals paid in U.S. dollars has become tangibly more expensive in Tokyo.