Shire’s $30 Billion Baxalta Bid

REUTERS: London |

Drugmaker Shire (SHP.L) said on Tuesday it was seeking to buy Baxalta (BXLT.N), a company spun-off by Baxter International (BAX.N) last month, for $30 billion to forge the leading global specialist in rare diseases.

The London-listed group went public with its approach after the U.S. firm turned it down. Shire said its unsolicited all-share offer valued each Baxalta share at $45.23, based on Aug. 3 market prices. Shares in Baxalta had jumped 17 percent to $38.76 by around midday in New York.

The Illinois-based firm, which has a staff of around 16,000, develops biotech treatments for rare blood conditions, cancers and immune system disorders. It had proforma revenue of $6 billion in 2014.

Baxalta offers Shire a promising range of new products to complement its growing portfolio of high-priced treatments for rare or “orphan” diseases, analysts said. But there is no guarantee that Shire, itself the target of a failed takeover in 2014, will land its prey.

“Shire may need to go hostile and success rates of pharma hostile bids are low,” said Leerink analyst Jason Gerberry.

Shire said it would create an unrivalled rare diseases champion with product sales of around $20 billion by 2020 and double-digit percent annual sales growth.

The move is the latest in a wave of mergers and acquisitions in the healthcare sector since the start of 2014, stretching from large drugmakers buying up smaller rivals to consolidation among makers of generic medicines and tie-ups between insurers.

Shire’s offer of 0.1687 Shire American depositary receipts per share, which represents a premium of 36 percent over Baxalta’s stock price on Aug. 3, would give the U.S. firm’s shareholders about 37 percent of the combined group.

Shire Chief Executive Flemming Ornskov said he had gone public with its plan, which it first proposed privately last month, after Baxalta’s board declined to engage in substantive discussions.

He declined to talk about tactics on Baxalta or discuss whether he was prepared to go hostile, but said the deal offered both tax and revenue synergies and would be good for both sets of shareholders.

TAX RATES

Ornskov said he had tried to engage with Baxalta CEO Ludwig Hantson since early July. Apart from a brief “cordial” meeting on July 10, however, there had been no meaningful interaction, he added.

“As a result, you have left us with no choice but to make our proposal known to your shareholders. We believe they deserve an opportunity to consider it,” the Shire boss wrote in an Aug. 4 letter to Hantson.

Ornskov, who expects to launch a $10 billion share buyback after any deal closes, added that it remained his strong preference to reach a negotiated agreement.

Officials at Baxalta went no further than confirming it had received “an unsolicited conditional proposal”.

Dublin-based Shire, whose shares were down around 6 percent on the news, has a long history of acquisitions and only on Monday agreed to buy private eye drug company Foresight Biotherapeutics for $300 million.

Other notable deals include buying New River Pharmaceuticals for $2.3 billion in 2007, Viropharma in 2013 for $4.2 billion and NPS Pharma for $5.2 billion this year.

Last year Shire itself was the target of a failed $50 billion takeover attempt by AbbVie (ABBV.N), since when its shares have risen to a premium to AbbVie’s offer on growing optimism for its line-up of high-priced niche medicines.

The AbbVie deal unraveled after the U.S. government changed the rules on American companies domiciling overseas to take advantage of lower corporate tax rates.

Shire is, however, using its relatively low tax status as a selling point on this new deal, saying a combined group would have a 16-17 percent effective tax rate by 2017, down from around 21-24 percent for Baxalta.

But Ornskov told reporters the main driver was the strategic fit of the companies and the growth potential of a tie-up. “Tax is just one part of it, it’s not the main part,” he said.

Shares in Actelion (ATLN.VX), which had previously been tipped as a potential target for Shire, fell 2.9 percent.

Evercore and Morgan Stanley are acting as financial advisers to Shire.

(Additional reporting by Ben Hirschler and Ankur Banerjee; Editing by Kate Holton and Pravin Char)

Comments


  1. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    With thanks! Lots of tips!

    http://canadianpharmaciesnnm.com/
    canadian online pharmacy reviews
    canadian pharmacy
    the canadian pharmacy
    [url=http://canadianpharmaciesnnm.com/]canada drug[/url]

  2. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Nicely put, Thank you!
    http://canadianpharmaciescubarx.com/
    canadian pharmacy reviews canada drugs highest rated canadian pharmacies [url=http://talahicc.com/]top rated canadian pharmacies online[/url]
    canada online pharmacy
    pharmacy prescription
    price prescription drugs
    prescription prices comparison
    highest rated canadian pharmacies
    canada drug

  3. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Amazing plenty of terrific facts!
    http://canadianpharmacysilo.com/
    legitimate canadian mail order pharmacies canadian viagra canada pharmacy online reviews [url=http://canadianonlinepharmacynnm.com/]canadian pharmacies that ship to us[/url]
    northwest pharmacy canada
    canadian pharmacy meds
    canadian drug stores online
    visit poster’s website
    best online pharmacies canada
    canada drugs online pharmacy

  4. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Kudos. Quite a lot of data!
    http://canadianpharmaciesnnm.com/
    get prescription online canada pharmacy online international pharmacy [url=http://talahicc.com/]northwest pharmacy[/url]
    no prescription pharmacy
    canadian pharmacies that are legit
    trust pharmacy canada
    overseas pharmacies
    no prescription pharmacy
    canadian online pharmacies

  5. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Cheers, Lots of tips!
    http://talahicc.com/
    mexican pharmacies online canada pharmaceutical online ordering canadian online pharmacy reviews [url=http://canadianpharmaciescubarx.com/]canada drugs[/url]
    best non prescription online pharmacies
    discount prescription drug
    mexican pharmacies shipping to usa
    canada pharmacy online
    internet pharmacy
    global pharmacy canada

  6. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Good information, Many thanks!
    http://canadianpharmaciescubarx.com/
    pharmacy cost comparison canada pharmacy canada pharmacies [url=http://www.canadianpharmacymsn.com/]canada drugs online[/url]
    top rated online canadian pharmacies
    discount pharmacy online
    onlinecanadianpharmacy.com
    canadian pharmacy 365
    canada online pharmacy
    canadian pharma companies

  7. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Perfectly voiced truly. .
    http://canadianpharmaciesnnm.com/
    online pharmacy without a prescription top rated canadian pharmacies online canadian viagra [url=http://canadianpharmaciesnnm.com/]canada drugs[/url]
    online canadian pharmacy
    pharmacy canada
    buy drugs online
    pharmacy online mexico
    international pharmacies that ship to the usa
    online pharmacies

  8. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Effectively voiced of course! !
    http://canadianpharmaciescubarx.com/
    costco pharmacy pricing canadian cialis northwest pharmacy [url=http://canadianpharmacysilo.com/]canada drugs[/url]
    prescription drugs prices
    canadapharmacy com
    pharmacy without dr prescriptions
    canadian drugs
    canadian pharmacy without prescription
    northwest pharmacy

  9. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Whoa tons of good data.
    http://canadianpharmaciesnnm.com/
    canada online pharmacies online pharmacies of canada rx price comparison [url=http://canadianpharmacymim.com/]northwest pharmacy[/url]
    canadian pharmacies without prescriptions
    canadian pharmacy no prescription
    prescription drug
    buy prescription drugs online
    canada drug prices
    northwestpharmacy

  10. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You actually explained that effectively.
    http://canadianpharmacyntx.com/
    canada pharmacy canada drug trusted overseas pharmacies [url=http://www.canadianpharmacymsn.com/]northwest pharmacy[/url]
    canadian drugstore
    compare rx prices
    safeway pharmacy
    online drugstore
    no prescription pharmacies
    northwestpharmacy

  11. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You’ve made the point.
    http://canadianpharmaciesnnm.com/
    prescription price comparison canadian online pharmacies drugs for sale [url=https://nicktambone.com/]canada drug[/url]
    canadian pharmacies without prescriptions
    board of pharmacy
    best canadian mail order pharmacies
    rx price comparison
    safe canadian online pharmacies
    buy prescription drugs canada

  12. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You mentioned this perfectly!
    http://talahicc.com/
    buy cialis north west pharmacy canada prescription drug cost [url=http://canadianpharmaciesnnm.com/]top rated canadian pharmacies online[/url]
    canada online pharmacies
    drugs online
    canada pharmacy
    prescription without a doctor’s prescription
    safeway pharmacy
    online canadian pharmacy

  13. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You actually expressed this terrifically.
    http://canadianpharmacysilo.com/
    discount pharmacy canada pharmaceutical online ordering prescription pricing [url=http://canadianpharmacymim.com/]canada pharmaceuticals online[/url]
    online pharmacy no prescription needed
    drugs for sale
    canadian drugstore reviews
    online pharmacies no prescription
    canadian online pharmacy reviews
    pharmacy prices compare

  14. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Regards, Great information.
    http://canadianpharmacysilo.com/
    prescription drugs without prior prescription london drugs canada canadapharmacyonline.com [url=http://canadianpharmacymim.com/]canada pharmaceuticals online[/url]
    buying drugs canada
    drugs from canada
    canadian mail order pharmacies
    drugs without prescription
    medication costs
    northwest pharmacy

  15. HowardThync says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Wonderful material. Regards!
    http://canadianpharmacymim.com/
    online prescription drugs canada drugs safeway pharmacy [url=http://www.canadianpharmacymsn.com/]canadian drugs[/url]
    discount drugs online pharmacy
    candrugstore com
    web medical information
    legitimate online pharmacies
    pharmacy prescription
    prescription pricing

  16. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thanks, I enjoy it.
    http://canadianpharmacyntx.com/
    cialis canadian pharmacy aarp approved canadian online pharmacies highest rated canadian pharmacies [url=http://canadianpharmacysilo.com/]canadian pharmacies-24h[/url]
    online pharmacy
    price prescription drugs
    canadian pharmacies shipping to usa
    the canadian pharmacy
    online pharmacy no prescription needed
    canadianpharmacy

  17. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Nicely expressed certainly. .
    http://canadianpharmacymim.com/
    most reliable canadian pharmacies canada pharmacy online buy drugs online [url=http://talahicc.com/]canadian pharmacies online[/url]
    canadian pharmacy 365
    international pharmacy
    canadian pharmacy no prescription needed
    canada pharmacies prescription drugs
    prescription drugs prices
    buying prescription drugs canada

  18. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Many thanks. I like this!
    https://nicktambone.com/
    online prescription drugs aarp approved canadian online pharmacies canadian pharmacies that are legit [url=http://talahicc.com/]canadian pharmacies without an rx[/url]
    drug prices comparison
    canadian prescription drugs
    canadian drugstore
    drug price
    online pharmacies no prescription
    discount pharmacy online

  19. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thanks a lot! Wonderful stuff!
    https://nicktambone.com/
    canada drugs canadianpharmacy mexican pharmacies online [url=http://canadianpharmaciesnnm.com/]online pharmacies of canada[/url]
    online pharmacy without prescription
    canadian pharmacy 365
    canada pharmacy online
    my canadian pharmacy
    drugs without prescription
    prescription drugs without prior prescription

  20. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You said it very well.!
    http://canadianpharmacysilo.com/
    canadian pharmacy without prescription online pharmacies canada drugs for sale [url=http://talahicc.com/]canadian pharcharmy[/url]
    prescription drugs without prior prescription
    canadian pharmacy uk delivery
    prescription drugs without prior prescription
    pharmacy prescription
    pharmacy prices compare
    canadian prescription

  21. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Kudos. Good information.
    http://canadianpharmacymim.com/
    canadian pharmacy no prescription needed canadian pharmacies online canadian pharmacies that ship to us [url=http://canadianpharmacysilo.com/]canadian pharcharmy[/url]
    prescription drugs without prior prescription
    best non prescription online pharmacies
    canada pharmacy no prescription
    online pharmacy without a prescription
    online discount pharmacy
    online canadian pharmacy

  22. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Fantastic write ups. Thanks a lot!
    http://canadianpharmacymim.com/
    canada drug prices canadian pharcharmy drug costs [url=http://canadianpharmaciesnnm.com/]online pharmacies of canada[/url]
    canadian pharmacy reviews
    mexican pharmacy online
    canadian pharmacy online canada
    rx pharmacy
    canadian prescription drugs
    visit poster’s website

  23. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thanks a lot. Numerous stuff.
    http://canadianpharmaciescubarx.com/
    canadianpharmacy canadian pharmacies discount prescription drug [url=https://nicktambone.com/]canadian online pharmacies[/url]
    canada drug
    canadian prescription
    online rx pharmacy
    no prescription pharmacies
    prescription drugs canada
    no prior prescription required pharmacy

  24. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thanks a lot! Good stuff.
    http://www.canadianpharmacymsn.com/
    mail order pharmacies canadian online pharmacy compare prescription prices [url=https://nicktambone.com/]canadian cialis[/url]
    costco pharmacy pricing
    canadian online pharmacies prescription drugs
    cheap prescription drugs
    safeway pharmacy
    canadian pharmacy viagra
    canadian pharmacy without prescription

  25. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Cheers! I like it!
    http://talahicc.com/
    buy prescription drugs online london drugs canada canadian drugs [url=https://nicktambone.com/]canadian pharmacy online[/url]
    canadian drug store
    mail order pharmacies
    canadian pharmacy viagra brand
    rx price comparison
    my canadian pharmacy
    mexican pharmacies shipping to usa

  26. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Superb material. Cheers.
    http://talahicc.com/
    drugstore online online pharmacies of canada online pharmacies [url=http://canadianpharmaciesnnm.com/]canadian online pharmacies[/url]
    canadian pharma companies
    canadadrugs.com pharmacy
    online canadian discount pharmacy
    onlinecanadianpharmacy.com
    northwest pharmacy canada
    canadian pharmacy online

  27. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thank you. Quite a lot of postings.
    http://canadianpharmacyntx.com/
    canada pharmacies online pharmacy canadianpharmacy northwest pharmacy canada [url=https://nicktambone.com/]canadian pharmacy online[/url]
    canada meds
    canadian pharmacies top best
    best online pharmacy
    online pharmacies canada
    best online canadian pharcharmy
    best online pharmacy stores

  28. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Nicely put, Appreciate it!
    http://canadianpharmaciesnnm.com/
    discount pharmacy canada drugs drug costs [url=http://canadianpharmaciescubarx.com/]canadian drugs[/url]
    buying drugs canada
    canadian cialis
    rx pharmacy
    canadian online pharmacy
    online pharmacies no prescription
    pharmacy prices

  29. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You have made your point pretty effectively!.
    http://talahicc.com/
    mexican pharmacies shipping to usa canadian pharmacy online pharmacies canada [url=http://canadianpharmaciesnnm.com/]aarp approved canadian online pharmacies[/url]
    canada online pharmacy
    buy drugs online
    most reliable canadian pharmacies
    online discount pharmacy
    buy cialis
    pharmacy cost comparison

  30. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thanks a lot! Quite a lot of posts.
    http://canadianpharmacysilo.com/
    canadian prescription drugstore canadianpharmacy buy online prescription drugs [url=http://canadianpharmacysilo.com/]canadian online pharmacy[/url]
    trust pharmacy canada
    pharmacy price comparison
    canadian pharmacies without prescriptions
    walgreens pharmacy
    no prescription pharmacy
    canada pharmacy online reviews

  31. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Incredible quite a lot of amazing facts.
    http://talahicc.com/
    drug prices comparison northwestpharmacy top rated canadian pharmacies online [url=http://canadianpharmaciesnnm.com/]online pharmacies canada[/url]
    best canadian mail order pharmacies
    pharmacy price comparison
    mexican pharmacy online
    canadian pharmacy no prescription
    prescription prices comparison
    canada drugs online

  32. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You actually explained this wonderfully.
    http://canadianpharmacymim.com/
    prescription pricing canada pharmacy canada drugs online pharmacy [url=http://canadianpharmaciescubarx.com/]online pharmacies canada[/url]
    northwest pharmacy canada
    canadian prescriptions
    canadapharmacy com
    internet pharmacy
    canadian pharmacies shipping to usa
    trusted overseas pharmacies

  33. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Regards, Useful information!
    http://canadianpharmacysilo.com/
    best price prescription drugs trust pharmacy canada cialis canadian pharmacy [url=https://nicktambone.com/]canadian pharmacies[/url]
    canada pharmacy
    canada pharmacies without script
    canadian pharmacies
    canadapharmacy
    no prescription pharmacy
    buy prescription drugs canada

  34. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You mentioned this superbly.
    http://talahicc.com/
    canadadrugs.com pharmacy canadian cialis walgreens pharmacy [url=http://canadianpharmaciescubarx.com/]canadian drugs[/url]
    best canadian online pharmacy
    canadian pharmacy without prescription
    canadian pharmacy 365
    prescription pricing
    canadian pharmacy
    canadian pharmacies without prescriptions

  35. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Perfectly spoken without a doubt! .
    http://canadianpharmacyntx.com/
    canadian mail order pharmacies online pharmacies canada canadian drug stores online [url=http://www.canadianpharmacymsn.com/]canadian pharmacies that ship to us[/url]
    buying prescription drugs canada
    prescription drug assistance
    canadian prescription
    canadapharmacy com
    compare rx prices
    discount pharmacy online

  36. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thank you! Plenty of write ups.
    http://www.canadianpharmacymsn.com/
    best online pharmacy canadian pharmaceuticals online prescription drug cost [url=http://www.canadianpharmacymsn.com/]canadian drugs[/url]
    canadian pharmacy
    best online pharmacy stores
    canadapharmacyonline com
    buying prescription drugs canada
    canadian drugstore
    canadian online pharmacies prescription drugs

  37. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Thanks a lot, Good stuff.
    http://canadianonlinepharmacynnm.com/
    pharmacy tech trust pharmacy canada canadian rx [url=http://canadianpharmaciesnnm.com/]aarp approved canadian online pharmacies[/url]
    northwest pharmacy canada
    canadianpharmacy
    canada pharmacies
    legitimate online pharmacies
    canadian mail order pharmacies
    online prescription drugs

  38. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Good data. Thank you.
    http://canadianpharmacymim.com/
    canada drugs online pharmacy canadian pharmacy pharmacy tech [url=http://canadianpharmaciescubarx.com/]online pharmacies of canada[/url]
    online pharmacy without prescription
    canadian drug store
    candrugstore com
    top rated online canadian pharmacies
    canadian meds
    canadian drugstore

  39. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Kudos! Numerous content!
    http://canadianpharmacyntx.com/
    buy prescription drugs canada mexican pharmacies shipping to usa price prescription drugs [url=http://canadianpharmacymim.com/]canadian pharmacies that ship to us[/url]
    rx price comparison
    canada drugs
    no prescription online pharmacy
    pharmacies near me
    canadian pharmacies shipping to usa
    mexican pharmacies shipping to usa

  40. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Point certainly regarded..
    http://canadianpharmacyntx.com/
    cheap prescription drugs online canadian pharmacy canada drug pharmacy [url=http://www.canadianpharmacymsn.com/]top rated canadian pharmacies online[/url]
    price prescription drugs
    canadian drugstore
    online pharmacy reviews
    buy online prescription drugs
    trusted overseas pharmacies
    pharmacy without dr prescriptions

  41. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Regards! Ample postings.
    http://canadianpharmacymim.com/
    no prescription pharmacies canadian pharmacies-24h canadian pharmacy no prescription needed [url=http://canadianpharmacymim.com/]northwestpharmacy[/url]
    prescription cost
    canadian pharmacies without prescriptions
    prescription cost comparison
    canadian pharmacy reviews
    canadian pharmacies that ship to us
    pharmacy online store

  42. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Valuable knowledge. Many thanks.
    https://nicktambone.com/
    online canadian discount pharmacy canadian pharmacies-24h online drugs [url=http://canadianpharmaciesnnm.com/]canada pharmacy[/url]
    prescription pricing
    canadian pharmacy without prescription
    reputable canadian mail order pharmacies
    online pharmacy no prescription
    canadian pharmacies shipping to usa
    drugs online

  43. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Fantastic forum posts, Many thanks!
    http://canadianpharmacymim.com/
    canadian pharmacies that ship to us canadianpharmacy canadian family pharmacy [url=https://nicktambone.com/]canada online pharmacies[/url]
    ed meds online
    no prior prescription required pharmacy
    pharmacy prescription
    canadian online pharmacies prescription drugs
    trust pharmacy canada
    online pharmacy canada

  44. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    This is nicely said. .
    http://canadianpharmacyntx.com/
    prescription cost london drugs canada highest rated canadian pharmacies [url=http://canadianonlinepharmacynnm.com/]canadian pharmaceuticals online[/url]
    canadian online pharmacy reviews
    discount pharmacy
    best canadian mail order pharmacies
    canadian online pharmacy reviews
    canadian meds
    top rated canadian pharmacies online

  45. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Information certainly taken..
    http://canadianpharmacymim.com/
    online pharmacies canada canadian pharmacies online canadian pharmacies online prescriptions [url=http://canadianpharmaciescubarx.com/]canadianpharmacy[/url]
    rx price comparison
    canadian pharmacies
    no 1 canadian pharcharmy online
    canadianpharmacy
    canadian cialis
    online pharmacy no prescription

  46. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Helpful data. Thanks.
    http://canadianpharmacymim.com/
    canada pharmacy online orders canadian cialis my canadian pharmacy [url=http://www.canadianpharmacymsn.com/]northwestpharmacy[/url]
    canadian pharmacy no prescription needed
    rx pharmacy
    canada drugs online pharmacy
    drugs online
    prescription prices comparison
    prescription drugs without prior prescription

  47. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Many thanks. I like it!
    http://www.canadianpharmacymsn.com/
    24 hour pharmacy canadian cialis drugs without prescription [url=http://canadianpharmacysilo.com/]canadian viagra[/url]
    canada meds
    buy prescription drugs from canada
    northwest pharmacy
    discount pharmaceuticals
    canada pharmacy online reviews
    drug costs

  48. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Kudos. Great information!
    http://www.canadianpharmacymsn.com/
    canadian pharmacies shipping to usa canadian pharmacies without an rx canadian pharmacy reviews [url=http://www.canadianpharmacymsn.com/]canada drugs online[/url]
    walmart pharmacy price check
    canada pharmacy no prescription
    legitimate canadian mail order pharmacies
    visit poster’s website
    best online international pharmacies
    meds online

  49. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Cheers, I value this!
    http://canadianpharmaciesnnm.com/
    best online pharmacy stores canadian pharmacies canada pharmacies online prescriptions [url=http://www.canadianpharmacymsn.com/]canadian pharmacies-24h[/url]
    most reliable canadian pharmacies
    drug prices comparison
    canadian pharmacies that ship to us
    mexican pharmacy online
    buy prescription drugs canada
    canada drug prices

  50. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    With thanks. I enjoy it.
    http://canadianpharmaciesnnm.com/
    web medical information canadian pharmaceuticals online drugs for sale [url=http://talahicc.com/]canada pharmaceuticals online[/url]
    legitimate online pharmacies
    online rx pharmacy
    pharmacy prices
    canadian online pharmacies
    canadian family pharmacy
    medical information online

  51. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You expressed that wonderfully!
    http://canadianonlinepharmacynnm.com/
    canadian discount pharmacy canada pharmacy northwestpharmacy [url=http://talahicc.com/]canada pharmacy[/url]
    prescription cost comparison
    no prescription pharmacies
    canadadrugs.com pharmacy
    prescription prices comparison
    buying drugs canada
    canada drugs online

  52. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Truly all kinds of superb advice.
    https://nicktambone.com/
    canadian pharmacies online prescriptions london drugs canada prescription without a doctor’s prescription [url=http://talahicc.com/]canada online pharmacies[/url]
    visit poster’s website
    candrugstore com
    online discount pharmacy
    rx online
    buy prescription drugs from canada
    pharmacy without dr prescriptions

  53. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    With thanks, Very good stuff.
    http://canadianpharmaciescubarx.com/
    online prescription drugs london drugs canada 24 hour pharmacy [url=http://talahicc.com/]canada pharmaceuticals online[/url]
    canadian rx
    overseas pharmacies
    best canadian pharmacies
    global pharmacy canada
    drugs without prescription
    discount prescription drug

  54. QuentinGiz says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    You made your point very well..
    http://canadianpharmaciescubarx.com/
    best canadian online pharmacy canadian cialis canada drugs pharmacy [url=http://canadianpharmacymim.com/]canadian pharcharmy[/url]
    best online pharmacy stores
    no 1 canadian pharcharmy online
    canadapharmacyonline com
    canada pharmacies online pharmacy
    canadian pharmacy 365
    northwest pharmacy canada


Leave a Reply