FMP
Dec 22, 2023 5:02 PM - Davit Kirakosyan
Image credit: FMP
Bristol Myers Squibb (NYSE:BMY) has reached an agreement to purchase Karuna Therapeutics (NASDAQ:KRTX), a company specializing in neuroscience drug development, for a total of $14 billion, as announced by both companies. As a result, Karuna shares jumped more than 46% intra-day today.
According to the acquisition terms, Bristol Myers Squibb will acquire Karuna at $330 per share in cash. This price includes the $1.3 billion in cash currently held by Karuna.
This acquisition, which is anticipated to be finalized in the first half of the next year, represents a strategic effort by Bristol Myers Squibb to enhance its portfolio in the psychiatric and neurological drugs sector.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...