Nov. 20 at 5:45 PM
(NASDAQ:
$ALKS) (NASDAQ:
$AVDL)
#Alkermes has raised its offer to acquire #AvadelPharma to approximately
$2.37 billion, increasing the offer to
$22.50 per share, including
$21.00 in cash plus a
$1.50 contingent value right tied to FDA approval of Avadel’s narcolepsy drug Lumryz, after outbidding a rival offer from Lundbeck, with the deal expected to close in Q1 2026.
https://prismmarketview.com/alkermes-raises-its-offer-to-acquire-avadel-in-2-3b-deal-focused-on-sleep-disorder-innovation/