- Halozyme Therapeutics announced that they are acquiring Antares Pharma at $5.60 per share in cash, for a total of ~$960M. The deal is expected to close in 1H of 2022.
- Antares develops products utilizing their drug delivery systems and has multiple royalty streams for their auto-injector platform.
- Antares Pharma’s auto-injector technology should pair up with ENHANZE formulations, theoretically permitting the injection of larger volumes or delivering faster injections.
- Halozyme projects the transaction to be accretive this year, and will “accelerate top and bottom-line growth through 2027, with multiple growth drivers beyond 2027”.
- The company’s growth trends are still strong and the share price has weathered the sell-off. As a result, HALO is still one of my “Top Ideas” in the Compounding Healthcare marketplace service.
For further details see:
Halozyme: Antares Pharma Bolsters Growth Prospects