Acquisition BenefitsThe acquisition is intended to immediately advance Alkermes into the sleep space by bringing in Avadel’s commercial product LUMRYZ, and leveraging Avadel’s commercial infrastructure and experience in the sleep business.
Earnings PotentialLumryz was previously guided to reach $265-275M, but recent sales estimates imply $280M+ of sales for the year, indicating potential for higher revenue.
Product Approval And ExpansionA new salt-free version of Lumryz could be approved in narcolepsy/IH by 2028, expanding the product's market potential.