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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Apr. 23, 8:18 PM

Slide #76. Vertex Pharmaceuticals Incorporated Alpine Immune Sciences, Inc.

Acquirer: Vertex Pharmaceuticals Incorporated (VRTX)
Acquiree: Alpine Immune Sciences, Inc. (ALPN)
Details: Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) and Alpine Immune Sciences, Inc. (NASDAQ:ALPN), a biotechnology company focused on discovering and developing innovative, protein-based immunotherapies, today announced that the companies have entered into a definitive agreement under which Vertex will acquire Alpine for $65 per share or approximately $4.9 billion in cash. The transaction was unanimously approved by both the Vertex and Alpine Boards of Directors and is anticipated to close later this quarter.

Vertex Pharmaceuticals is a biotechnology company. Co. has clinical and research programs to develop treatment of cystic fibrosis. In addition, Co. has a pipeline of investigational therapies in other diseases where it is utilizing insight into causal human biology, including sickle cell disease, beta thalassemia, APOL1-mediated kidney disease, type 1 diabetes, pain, alpha-1 antitrypsin deficiency, and muscular dystrophies. Co.'s marketed CF medicines are TRIKAFTA/KAFTRIO (elexacaftor/tezacaftor/ivacaftor and ivacaftor), SYMDEKO/SYMKEVI (tezacaftor in combination with ivacaftor), ORKAMBI (lumacaftor in combination with ivacaftor) and KALYDECO (ivacaftor).

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Vertex Pharmaceuticals is a biotechnology company. Co. has clinical and research programs to develop treatment of cystic fibrosis. In addition, Co. has a pipeline of investigational therapies in other diseases where it is utilizing insight into causal human biology, including sickle cell disease, beta thalassemia, APOL1-mediated kidney disease, type 1 diabetes, pain, alpha-1 antitrypsin deficiency, and muscular dystrophies. Co.'s marketed CF medicines are TRIKAFTA/KAFTRIO (elexacaftor/tezacaftor/ivacaftor and ivacaftor), SYMDEKO/SYMKEVI (tezacaftor in combination with ivacaftor), ORKAMBI (lumacaftor in combination with ivacaftor) and KALYDECO (ivacaftor).

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Company Name:  Vertex Pharmaceuticals, Inc.
Stock buyback:  VRTX buyback
Website:  www.vrtx.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding VRTX:  124
Total Market Value Held by ETFs:  $15.38B
Total Market Capitalization:  $101.85B
% of Market Cap. Held by ETFs:  15.10%
Company Name:  Alpine Immune Sciences Inc
Website:  www.alpineimmunesciences.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding ALPN:  30
Total Market Value Held by ETFs:  $414.82M
Total Market Capitalization:  $4.23B
% of Market Cap. Held by ETFs:  9.80%
 

April 23, 2024    8:18 PM Eastern
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