Feb. 12 at 1:25 PM
$ALKS Alkermes Plc completes acquisition of Avadel Pharmaceuticals plc (AVDL), accelerating entry into sleep medicine market
48 minutes agoPublished 48 minutes http://agoBriefing.com
Augments Alkermes' revenue growth profile and diversifies commercial portfolio with new high potential growth product, LUMRYZ (Sodium Oxybate) for extended-release oral suspension. Expected to be accretive in 2026. Positions the combined organization to accelerate innovation and leadership in development of treatments for sleep disorders and other neurological disorders. Alkermes' financial expectations for 2026 will include certain expenses related to the transaction, including:
In the first quarter of 2026, Alkermes will record transaction-related costs of
$40 million.
Alkermes will record approximately
$180 million of LUMRYZ inventory fair value step-up, which will be expensed as cost of goods sold as the inventory is sold in 2026.Alkermes will record approximately
$1.5 billion of intellectual property ….