macrossluvsrobotech
Oct 9, 3:23 AM
$LXRX Biopharma M&A Surge: Viatris Buys Pacira — And Mike Exton Is Watching 👀💰
Viatris (
$VTRS) just agreed to acquire Pacira (
$PCRX) for
$36.50/sh in all cash (
$1.65B equity value)—a massive 44.8% premium over Wednesday's
$25.20 close.
The target? Pacira’s non-opioid, opioid-sparing pain franchise.
And guess who just publicly liked the announcement on LinkedIn?
👉 Lexicon CEO Dr. Mike Exton.
How this connects directly to
$LXRX &
$NVO:
1. Non-Opioid Scarcity: Big Pharma pays billions for opioid-sparing assets. Lexicon holds LX9211 (first-in-class AAK1 non-opioid neuropathic pain).
2. The Buyout Arbitrage: At ~
$1.70 / ~
$770M EV, LXRX is deeply mispriced. Novo Nordisk already committed
$1.0B in milestones/royalties for ACSL5. Under Novo’s CMD Slide 13 bolt-on playbook, buying LXRX outright extinguishes ~
$925M in milestones while securing 100% of LX9851 & LX9211.
When CEOs track peer M&A premiums, smart money prepares for the tender offer. NFA.
$NVO $BIB
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