ANI Pharmaceuticals and Alimera Sciences Announce Closing Date of Merger

Rhea-AI Summary

ANI Pharmaceuticals (NASDAQ: ANIP) and Alimera Sciences (NASDAQ: ALIM) have announced the closing date for their merger. The transaction is scheduled to close before the market opens on Monday, September 16, 2024. This announcement follows the previously disclosed Merger Agreement between the two companies. The merger represents a significant development in the pharmaceutical industry, potentially combining the strengths and resources of both entities.

Positive

• Merger completion date set, indicating progress in the transaction
• Potential for synergies and expanded market presence post-merger

Negative

• None.

News Market Reaction

-2.09%

1 alert

-2.09% News Effect

On the day this news was published, ANIP declined 2.09%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ANI and Alimera Scheduled the Closing for September 16, 2024

PRINCETON, N.J. and ATLANTA, Sept. 11, 2024 (GLOBE NEWSWIRE) -- ANI Pharmaceuticals, Inc. (NASDAQ: ANIP) (“ANI”) and Alimera Sciences, Inc. (NASDAQ: ALIM) (“Alimera” or the “Company”) today jointly announced that they have scheduled the closing of their transaction pursuant to the companies’ previously announced Merger Agreement for before the market opens on Monday, September 16, 2024.

About ANI Pharmaceuticals, Inc.
ANI Pharmaceuticals, Inc. (Nasdaq: ANIP) is a diversified biopharmaceutical company serving patients in need by developing, manufacturing, and marketing high-quality branded and generic prescription pharmaceutical products, including for diseases with high unmet medical need. ANI is focused on delivering sustainable growth by scaling up its Rare Disease business through its lead asset Purified Cortrophin® Gel, strengthening its Generics business with enhanced research and development capabilities, delivering innovation in Established Brands, and leveraging its U.S. based manufacturing footprint.

About Alimera Sciences, Inc.
Alimera Sciences is a global pharmaceutical company whose mission is to be invaluable to patients, physicians and partners concerned with retinal health and maintaining better vision longer. For more information, please visit www.alimerasciences.com.

Forward-Looking Statements
This communication, and the documents to which it refers you, contains not only historical information, but also forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the parties’ expectations or beliefs concerning future events, including the timing of the transaction and other information relating to the transaction. Forward-looking statements include information concerning possible or assumed future results of operations of Alimera and/or ANI, the expected completion and timing of the transaction and other information relating to the transaction. Without limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects,” “intends,” “forecasts,” “should,” “estimates,” “contemplate,” “future,” “goal,” “potential,” “predict,” “project,” “projection,” “may,” “will,” “could,” “should,” “would,” “assuming” and similar expressions are intended to identify forward-looking statements. You should read statements that contain these words carefully. They discuss Alimera’s and/or ANI’s future expectations or state other forward-looking information and may involve known and unknown risks over which the parties have no control. Those risks include, (i) the risk that the transaction may not be completed at all, which may adversely affect Alimera’s and/or ANI’s business and the price of the common stock of Alimera and/or ANI, (ii) the outcome of the legal proceedings related to the merger agreement or the transaction, and (iii) risks related to diverting management’s attention from Alimera’s and/or ANI’s ongoing business operations. Forward-looking statements speak only as of the date of this communication or the date of any document incorporated by reference in this document. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are described in the parties’ respective SEC reports. Except as required by applicable law or regulation, neither party undertakes to update these forward-looking statements to reflect future events or circumstances.

Contacts

For ANI:

Lisa M. Wilson, In-Site Communications, Inc.
T: 212-452-2793
E: lwilson@insitecony.com

For Alimera:

Dan Zacchei / Ashley Areopagita
Longacre Square Partners
E: dzacchei@longacresquare.com / aareopagita@longacresquare.com

FAQ

When is the closing date for the merger between ANI Pharmaceuticals (ANIP) and Alimera Sciences?

The closing of the merger between ANI Pharmaceuticals (ANIP) and Alimera Sciences is scheduled for Monday, September 16, 2024, before the market opens.

What is the stock symbol for ANI Pharmaceuticals involved in the merger with Alimera Sciences?

The stock symbol for ANI Pharmaceuticals is ANIP (NASDAQ: ANIP).

Has the merger between ANI Pharmaceuticals (ANIP) and Alimera Sciences been finalized?

As of September 11, 2024, the merger has not been finalized. The companies have announced that the closing is scheduled for September 16, 2024.

Will ANI Pharmaceuticals (ANIP) stock be affected by the merger with Alimera Sciences?

The merger may affect ANI Pharmaceuticals (ANIP) stock, but the specific impact is not detailed in the announcement. Investors should monitor market reactions and company updates following the merger closing.