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flag Alkermes agrees to buy Avadel for up to $2.1 billion to expand its CNS drug portfolio.

flag Alkermes plc has agreed to acquire Avadel Pharmaceuticals plc in a deal valued up to $2.1 billion, aiming to expand its portfolio in central nervous system disorders. flag The acquisition, announced on October 22, 2025, sent Avadel's stock soaring while Alkermes shares declined. flag The transaction, subject to regulatory approval, marks a strategic move for Alkermes to strengthen its position in specialty pharmaceuticals.

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