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Stock impact report

BioMarin Pharmaceutical (BMRN) Stock Is Up, What You Need To Know [Yahoo! Finance]

Amicus Therapeutics, Inc. (FOLD) 
Last amicus therapeutics, inc. earnings: 11/11 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.amicusrx.com/investor-relations
Company Research Source: Yahoo! Finance
as the company agreed to acquire Amicus Therapeutics for a total equity value of about $4.8 billion, a move expected to boost future growth. BioMarin's President and CEO, Alexander Hardy, said the transaction was expected to accelerate the company's revenue growth and strengthen its financial outlook. The deal was viewed positively by analysts, with Truist Securities raising its price target on the stock to $100 from $80, noting the acquisition aligned with BioMarin's focus on rare diseases. In other news, the company also announced it had stopped the development of its investigational BMN 349 treatment for a specific type of liver disease. After the initial pop the shares cooled down to $60.97, up 2.9% from previous close. Is now the time to buy BioMarin Pharmaceutical? Access our full analysis report here BioMarin Pharmaceutical's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market consid Show less Read more
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