Alkermes to Acquire Avadel; Shareholder Vote Scheduled for January 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
0mins
Should l Buy ALKS?
Source: Globenewswire
- Acquisition Agreement: Alkermes has reached an agreement to acquire all issued ordinary shares of Avadel, which is expected to enhance Alkermes' market position in the biopharmaceutical sector.
- Shareholder Voting Schedule: Avadel has begun mailing a proxy statement to shareholders, who will vote on the acquisition at a special meeting scheduled for January 12, 2026, ensuring shareholder engagement in the decision-making process.
- Legal Compliance Procedure: The transaction will be implemented via a scheme of arrangement under Part 9 of the Irish Companies Act, ensuring adherence to relevant laws and minimizing legal risks associated with the acquisition.
- Transparency in Information Disclosure: Avadel has filed the Definitive Proxy Statement with the SEC, ensuring shareholders receive comprehensive information prior to voting, thereby enhancing transaction transparency and shareholder trust.
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Analyst Views on ALKS
Wall Street analysts forecast ALKS stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 33.290
Low
37.00
Averages
46.20
High
58.00
Current: 33.290
Low
37.00
Averages
46.20
High
58.00
About ALKS
Alkermes plc is Ireland-based biopharmaceutical company that seeks to develop medicines in the field of neuroscience. The Company has a portfolio of commercial products for the treatment of alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder and a pipeline of clinical and preclinical candidates in development for neurological disorders. It focuses on commercial products, such as LYBALVI, ARISTADA/ARISTADA INITIO and VIVITROL, and advancing the development of pipeline programs focused on neurological disorders. LYBALVI is a once-daily, oral atypical antipsychotic drug for the treatment of adults with schizophrenia and for the treatment of adults with bipolar I disorder, as a maintenance monotherapy or for the acute treatment of manic or mixed episodes, as monotherapy or an adjunct to lithium or valproate. ARISTADA is an extended-release intramuscular injectable suspension for the treatment of schizophrenia. It has a manufacturing facility in Wilmington, Ohio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Alkermes Acquires Avadel to Expand Product Portfolio
- Acquisition Completed: Alkermes has completed its acquisition of Avadel, adding the FDA-approved product LUMRYZ® to its portfolio, which is expected to be accretive in 2026, significantly enhancing the company's competitiveness in the sleep medicine market.
- Market Potential: LUMRYZ® targets over 50,000 eligible patients in the U.S., which is anticipated to drive Alkermes' revenue growth and further solidify its leadership position in the treatment of neurological disorders.
- Financial Arrangement: The acquisition cost approximately $775 million in cash and $1.525 billion in term loans, which Alkermes expects to pay down quickly with cash flows from the business, enhancing financial stability.
- Strategic Development: The acquisition will accelerate Alkermes' entry into the sleep medicine market and support its upcoming clinical development, particularly the planned phase 3 program for narcolepsy.
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- Acquisition Completed: Alkermes has completed its acquisition of Avadel, adding the FDA-approved product LUMRYZ® to its portfolio, which is expected to be accretive in 2026, significantly enhancing the company's competitiveness in the sleep medicine market.
- Market Potential: LUMRYZ® targets over 50,000 eligible patients in the U.S., which is anticipated to drive Alkermes' revenue growth and further solidify its leadership position in the treatment of neurological disorders.
- Financial Arrangement: The acquisition cost approximately $775 million in cash and $1.525 billion in term loans, which Alkermes expects to pay down quickly with cash flows from the business, enhancing financial stability.
- Strategic Development: The acquisition will accelerate Alkermes' entry into the sleep medicine market and support its upcoming clinical development, particularly the planned phase 3 program for narcolepsy.
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- Analyst Support: Multiple analysts initiated coverage of Medline Inc. (NASDAQ:MDLN) on January 12 with bullish ratings, indicating a positive market sentiment towards the company's prospects that could attract more investor interest.
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- Strong Market Reaction: ImmunityBio's stock surged 106% over the past six months, significantly outpacing the industry's 22.1% growth, reflecting strong market confidence in its new therapy and positive investor sentiment.
- Future Development Plans: ImmunityBio aims to submit a biologics license application to the FDA by the end of 2026, with full enrollment in the QUILT-2.005 study expected to further bolster the company's market position in treating BCG-unresponsive bladder cancer.
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- FDA Designation Impact: Alkermes' alixorexton has received Breakthrough Therapy designation from the FDA based on positive data from the Vibrance-1 study, which could enhance the company's competitive position in the sleep disorder market by improving existing narcolepsy treatments.
- R&D Outlook: This designation not only serves as a near-term catalyst for Alkermes' orexin agonist portfolio but may also accelerate development across multiple sleep disorders, bolstering investor confidence in the company's potential for revenue diversification.
- Financial Projections: Alkermes projects $1.4 billion in revenue and $169 million in earnings by 2028, indicating a 1.3% annual revenue decline; however, the Breakthrough Therapy recognition could reshape market perceptions of its long-term profitability.
- Investor Focus: With the FDA's endorsement, investors should closely monitor the significant impact of clinical and regulatory outcomes on Alkermes' long-term earnings, which could materially influence its stock price and market valuation.
See More
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- Super Micro Computer Rating: Analysts have rated Super Micro Computer as a sell, indicating concerns about its future performance, which could lead to decreased investor confidence and negatively impact its stock price.
- Alkermes Stock Recommendation: Alkermes has been rated as not recommended by analysts, reflecting skepticism about its growth potential, which may affect its ability to raise capital and overall market performance.
- Medline Investment Outlook: Medline is strongly recommended as a buy by analysts, who describe its stock performance as 'unbelievable', potentially attracting more investor interest and driving its stock price higher.
- STMicroelectronics Investment Advice: STMicroelectronics is viewed as cheap and performing well, with analysts suggesting a buy, which could attract value investors and enhance its market position.
See More
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- National Energy Services Growth: National Energy Services Reunited Corp. (NESR) also carries a Zacks Rank #1, with next year's earnings estimate increasing by 4.1% in the last 60 days, reflecting a recovery trend in the oilfield services industry that could drive stock price appreciation.
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- Strong Value Scores: All three companies exhibit low price-to-earnings ratios, with Guess at 9.93, NESR at 11.85, and Alkermes at 19.23, all below their industry averages, highlighting their investment value and attracting more attention from value investors.
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