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-0.000188338104565358 -0.000791020039174463 0.00346542112400165 0.0038797649540454 -0.00286273918939276 -0.0118276329667018 -0.0139370197378333 -0.000791020039174463
Stock impact report

Neurocrine Biosciences Details $2.9B Soleno Buyout, Touts Vykat XR as Potential Blockbuster [Yahoo! Finance]

Neurocrine Biosciences, Inc. (NBIX) 
Last neurocrine biosciences, inc. earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Neurocrine Biosciences (NASDAQ:NBIX) detailed its planned acquisition of Soleno Therapeutics on a conference call Monday, outlining the deal terms, the strategic rationale, and expectations for expanding the reach of Soleno's newly launched rare disease medicine Vykat XR. Deal terms and financing Chief Executive Officer Kyle Gano said Neurocrine has entered into a definitive agreement to acquire Soleno via a cash tender offer for all outstanding shares at $53 per share , implying an enterprise value of approximately $2.9 billion . Gano said the transaction is not subject to a financing condition and will be funded with cash on hand, with Neurocrine planning to “optimize our capital structure by taking on a modest level of pre-payable debt.” ? 3 Utility Stocks With Strong Dividends and Room to Run Higher Bristol Myers Squibb's big buys: $18.1 billion in 2 biotech deals Chief Financial Officer Matt Abernethy added that the acquisition is expected to be accretive, saying it wi Show less Read more
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