SciClone Pharmaceuticals, Inc. (SCLN) Announces Repurchase Program and Reaffirms Previously Released 2011 Financial Guidance
SciClone Pharmaceuticals, Inc., a company that engages in the development and commercialization of novel therapeutics for the treatment of oncology, infectious diseases, cardiovascular, urological, respiratory, and central nervous system disorders, announced that its Board of Directors has given approval to a program that allows the company to repurchase up to $20 million of its common stock over the next 24 month period. Also, SciClone has reaffirmed its previously released 2011 financial guidance with the understanding that any cash utilized to repurchase may decrease the year-end cash balance and that a reduction in shares outstanding may increase full year and fourth…