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Stock impact report

BioMarin snaps up Amicus Therapeutics for $4.8bn amid rare disease push [Yahoo! Finance]

BioMarin Pharmaceutical Inc. (BMRN) 
Last biomarin pharmaceutical inc. earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.biomarin.com
Company Research Source: Yahoo! Finance
Under the terms of the agreement, BioMarin will pay cash for all of Amicus' shares for a total consideration of $4.8bn. This deal will set BioMarin back $14.50 per share, constituting a 33% premium on Amicus' $10.89 18 December stock value at market close. BioMarin's stock has increased 17.71% on the acquisition, from an 18 December close of $51.95 to a 19 December close of $61.15. This multi-billion-dollar deal, which is the biggest in BioMarin's history, will give the pharma rights to Amicus' Fabry disease therapy, Galafold (migalastat), which has been on the US market since 2018. In 2024, the drug brought in $458.1m for Amicus, an 18% increase on 2023. Galafold is currently the only US Food and Drug Administration (FDA) approved chaperone therapy for Fabry disease – a rare genetic disorder characterised by the buildup of fatty substrates in the cells of an affected patient. Following a US patent litigation with generics giant Teva Pharmaceuticals, Galafold now holds market Show less Read more
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