Jan. 4 at 9:32 AM
$CKPT
I really went slumming this time. I plugged in "(
$4.5) Billion into my Google fish in a barrel question and up pops,
"Vertex Pharmaceuticals, a Boston-based biotechnology company, acquired Alpine Immune Sciences for approximately
$4.9 billion in 2024."
News which we all, of course, remember as vividly as the famous debate moment about dog consumption. Right?
Nope..NOT at all.
I didn't even know that
$104 Billion MC Vertex (
$VRTX) Pharmaceuticals existed before this, and had never heard of Alpine (
$ALPN) or their promising pipeline of "potential," but not yet FDA approved, drugs.
Check out the
$ALPN buyout chart...
And while you do, think about the fact that some would-be buyout sale agents for Checkpoint posted they'd be "happy" to take one billion -- or golly, dream big!
$1.5 Billion, ya know,
$10 bucks! a
$CKPT share -- for a biotech that spent over a decade to get a potentially leading revenue skin cancer drug FDA approved and on the market.
Scott Boras they are not.