Biopharmaceutical Company
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Acquirer, now owns Avadel and LUMRYZ
Alkermes, a neuroscience-focused pharmaceutical company, completed its $2.37 billion acquisition of Avadel Pharmaceuticals on February 12, 2026, gaining immediate entry into the sleep medicine market. The deal adds LUMRYZ, the only once-nightly narcolepsy treatment, to Alkermes' portfolio alongside an emerging pipeline of orexin-based therapies that could address sleep disorders affecting millions of underdiagnosed patients.
Updated Feb 12
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