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FOSTER CITY, Calif. — Drug maker Gilead acknowledged the receipt of an unsolicited mini-tender offer by TRC Capital.

Gilead said that TRC seeks to purchase up to 3 million shares of the company at a price of $37.25 per share, or about $111.75 million. The drug maker said it is recommending shareholders reject the bid, stating that the offer is priced below the current market price for Gilead shares and is subject to numerous conditions. As of March 2, TRC's offer price represented approximately a 4.56% discount to the $39.03 closing price of Gilead common stock.

FOSTER CITY, Calif. — Gilead on Friday announced that the Food and Drug Administration has removed a boxed warning about a possible liver injury risk caused by the drug maker's hypertension treatment.

Gilead said the FDA approved a change to the prescribing information for Letairis (ambrisentan 5-mg and 10-mg tablets), the company’s once-daily treatment of pulmonary arterial hypertension.

FOSTER CITY, Calif. — Drug maker Gilead Sciences plans to buy out a privately owned Seattle company that makes treatments for cancer and inflammatory diseases, Gilead said Tuesday.

The Foster City, Calif.-based company will buy Calistoga Pharmaceuticals for $375 million, plus additional milestone payments of up to $225 million.

KANSAS CITY, Mo. — Hallmark has partnered with the U.S. Postal Service to make sending greeting cards hassle-free.

New postage-paid greetings, which will range in price from $2.69 to $3.99, feature the U.S. Postal Service's Intelligent Mail bar code on the front of the envelope. Acting as a first-class stamp, Hallmark's postage-paid greetings have an added convenience so consumers can sign, seal and send cards without worrying about adding a stamp to the envelope.

KANSAS CITY, Mo. — Hallmark wants customers to celebrate life's everyday, unexpected moments through a new tagline and year-round campaign.

The greeting card company's "Life is a Special Occasion" campaign will communicate and engage with consumers year-round. Hallmark said that its recent product innovations, including recordable storybooks, personalized greetings, personalized plates and interactive story buddies, help customers capture those moments that often pass by.

FOSTER CITY, Calif. — The FRS Co., the manufacturer of FRS Healthy Energy products, on Tuesday named Denver Bronco first-round pick Tim Tebow to its FRS Healthy Energy team as its latest professional athlete spokesman.

"I am excited to officially be a part of the FRS team," Tebow said. "I use their products regularly and can honestly say that I believe FRS has helped me perform at my best on and off the field. I look forward to sharing my FRS story with fans and spreading the word on this amazing brand."

KANSAS CITY, Mo. — Building up its automated packaging capabilities for high-output pharmacies, Tension International Automation Solutions has acquired the exclusive rights to Maverick Enterprise’s automation technology.


The agreement includes Maverick’s UPM Tote and BottlePacker systems, along with the company’s Single BottlePacker and ErgoPack packaging technologies. TIAS also will take over service and support for Maverick’s existing automation systems.


REDWOOD CITY, Calif. — Shutterfly customers looking for more in-store pickup options can look no further than CVS/pharmacy and Walgreens.

Same-day, in-store pickup is available at any Walgreens or CVS/pharmacy store location with a photo center. Customers can order 4x6 prints at Shutterfly.com and designate in-store pickup at any Walgreens or CVS/pharmacy stores — as well as Target stores — by selecting their preferred retail location using the store locator map at checkout.

FOSTER CITY, Calif. A generic drug maker has filed an abbreviated new drug application for its version of a Gilead Sciences drug.

FOSTER CITY, Calif. A generic drug maker has filed an abbreviated new drug application for its version of a Gilead Sciences drug.