CompletedHealthcare22 October 2025

Alkermes plc to acquire Avadel Pharmaceuticals plc

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
Alkermes plc
Target
Avadel Pharmaceuticals plc
Deal value
USD 21
Announced
22 October 2025
Status
Completed
Sector
Healthcare
Country
Ireland
Consideration
cash, earn-out
What we know

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Deal timeline

2 updates
  1. CompletedClosed

    Alkermes plc completes acquisition of Avadel Pharmaceuticals plc

    Item 1.01 Entry into a Material Definitive Agreement. Term Loan Credit Facilities On February 12, 2026, in connection with the Acquisition (as defined below), Alkermes plc (the “Company”) entered into a credit agreement (the “Credit Agreement”), by and among Alkermes plc, as the TopCo Borrower, Alkermes, Inc., as the U.S. Borrower, Alkermes Finance LLC, as the U.S. Co-Borrower, JPMorgan Chase Bank

    Source
  2. Firm intention

    Alkermes plc firm intention to acquire Avadel Pharmaceuticals plc

    Item 1.01 Entry into a Material Definitive Agreement. Amendment to Transaction Agreement On November 18, 2025 (the “Amendment Date”), Alkermes plc (“Alkermes” or the “Company”) and Avadel Pharmaceuticals plc (“Avadel”) entered into Amendment No. 1 (the “Amendment”) to the previously announced Transaction Agreement dated October 22, 2025 by and between Alkermes and Avadel (the “Original Transaction

    Source

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Target
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Deal value
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Deal type
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Buyer history

Alkermes plc

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Methodology

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