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.
Increased Sales ProjectionsLumryz is guided to reach $265-275M in 2025, and analysts think $550M+ peak sales could be conservative.
Successful Clinical TrialsThe phase 3 REVITALYZ trial evaluating Lumryz in IH is expected to readout topline data, with submission of an sNDA for IH, and is relatively derisked by the positive clinical data of Xywav in IH.