Avadel Pharmaceuticals Shareholders Approve Alkermes Buyout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Source: Yahoo Finance
- Acquisition Approval: Shareholders of Avadel Pharmaceuticals have approved the buyout proposal by Alkermes, marking a significant step in the company's strategic restructuring, which is expected to enhance Alkermes' market position in the biopharmaceutical sector.
- Shareholder Support: The vote reflects broad shareholder support for the acquisition, indicating confidence in the future integration benefits and synergies, which may enhance both companies' capabilities in research and marketing.
- Market Reaction: Following the acquisition announcement, the market showed a positive response towards the stocks of Avadel and Alkermes, indicating optimistic expectations from investors, which could drive stock prices higher.
- Strategic Integration: This acquisition will enable Alkermes to expand its product portfolio and leverage Avadel's technology platform, further solidifying its competitive advantage in therapeutic areas and laying the groundwork for future growth.
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Analyst Views on ALKS
Wall Street analysts forecast ALKS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALKS is 46.17 USD with a low forecast of 37.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 33.900
Low
37.00
Averages
46.17
High
58.00
Current: 33.900
Low
37.00
Averages
46.17
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.
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