SOURCE: Paragon Financial Limited

Paragon Financial Limited

March 30, 2012 08:20 ET

Amylin Pharmaceuticals, Inc. and Illumina, Inc. Benefit From JOBS Act

The Paragon Report Provides Stock Research on Amylin Pharmaceuticals, Inc. and Illumina, Inc.

NEW YORK, NY--(Marketwire - Mar 30, 2012) - The Biotechnology Industry's future looks very promising with the passing of the Jumpstart Our Business Startups (JOBS) Act. The JOBS Act, which passed in the Senate by a vote of 73-26, contains several provisions which would make the pathway to capital formation more attainable for small biotechnology companies, clearing the way for American innovation and ingenuity by removing bureaucratic hurdles and red tape to speed cures and medical breakthroughs to patients. The Paragon Report examines the outlook for companies in the Biotechnology Industry and provides equity research on Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) and Illumina, Inc. (NASDAQ: ILMN).

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The Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood recently made the following statement: "BIO applauds passage of the JOBS Act and all efforts to incentivize and encourage capital formation for growing companies. This legislation would make capital formation easier for small, emerging biotechnology companies, speeding the development of new cures and treatments for patients living with debilitating diseases such as cancer, diabetes, Parkinson's, and HIV/AIDS. Bringing such groundbreaking cures and treatments from bench to bedside is a long and arduous road, and biotechnology companies are at the forefront of the effort."

"These reforms are especially important to innovative biotechnology companies that do not yet have product revenue and must spend investor dollars on compliance rather than the search for cures and breakthrough medicines," Greenwood explained.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Biotechnology Industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Amylin Pharmaceuticals, Inc. shares rose as much as 51 percent on Wednesday after Bloomberg News reported the company rejected a $3.5 billion unsolicited takeover bid from Bristol-Myers Squibb Co.

Illumina, Inc. announced that it has recommended that its stockholders take no action at this time in response to Roche's announcement that it is now offering to acquire Illumina for $51.00 per share in cash. Consistent with its fiduciary duties and responsibilities, and in consultation with its financial and legal advisors, Illumina's Board of Directors will thoroughly review Roche's revised proposal and make a recommendation to stockholders regarding the proposal in due course.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at