Could This Stock Be the Next Biotech Buyout?
The biotechnology industry is getting more attention than usual following a buyout offer for Alpine Immune Sciences (NASDAQ: ALPN) from Vertex Pharmaceuticals (NASDAQ: VRTX).
Vertex recently offered Alpine Immune Sciences $65 per share, or about $4.9 billion in cash. On April 9, the day before the announcement, Alpine's stock price closed at about $39 per share.
Government regulators rarely try to prevent big pharmaceutical companies from acquiring clinical-stage biotechs. This means Alpine shareholders will most likely see their investment increase by about 67% when the deal closes, probably in a couple of months.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
€436.90
-2.510%
With 42 Buy predictions and 1 Sell predictions Vertex Pharmaceuticals Inc. is one of the favorites of our community.
As a result the target price of 474 € shows a slightly positive potential of 8.49% compared to the current price of 436.9 € for Vertex Pharmaceuticals Inc..
