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What colorful method does Claire Miley use to keep up with the latest healthcare regulations as they relate to proposed transactions? Find out more>

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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Securities Law Exchange BlogSecurities Law Exchange blog offers insight on the latest legal and regulatory developments affecting publicly traded companies. It focuses on a wide variety of topics including regulation and reporting updates, public company advisory topics, IPO readiness and exchange updates including IPO announcements, M&A trends and deal news.

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Janelle Waack Comments on Exclusivity Terms for Biologic Drugs in Trans-Pacific Partnership Agreement

Media Mentions

October 6, 2015

Bass, Berry & Sims attorney Janelle Waack provided comment for a Modern Healthcare article outlining the details of the Trans-Pacific Partnership Agreement, a trade agreement between the U.S. and 11 countries. As part of the agreement, countries will extend data exclusivity for biologic medicines for five to eight years instead of the 12 years that the United States and the pharmaceutical industry recommended. The trade agreement next goes to the U.S. Congress, who will need to vote whether to accept the deal. As Janelle points out in the article, Congress will need to "carefully consider the impact on the pharmaceutical industry and smaller companies that are doing the ground level research, saying the agreement raises questions about whether they would continue 'to pursue these lines of research in view of what could be a more limited period of exclusivity.'"

The full article, "Trade Deal Disappoints Drugmakers, Consumer Groups," was published by Modern Healthcare on October 5, 2015 and is available online.


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