Welcome to our dedicated page for Ani Pharmaceutic news (Ticker: ANIP), a resource for investors and traders seeking the latest updates and insights on Ani Pharmaceutic stock.
ANI Pharmaceuticals Inc. (ANIP) delivers innovative solutions in specialty generics and complex drug formulations, focusing on therapeutic areas with high barriers to entry. This page provides investors and healthcare professionals with timely updates on regulatory milestones, manufacturing developments, and strategic initiatives within controlled substances, oncology, and rare disease therapies.
Discover official press releases covering ANIP’s FDA submissions, product launches, and financial results alongside analysis of its Minnesota-based manufacturing capabilities. Our repository includes updates on niche segments like hormonal therapies and extended-release formulations, reflecting the company’s commitment to addressing unmet medical needs.
Bookmark this page for direct access to ANIP’s latest corporate announcements, partnership details, and therapeutic pipeline progress. Stay informed about developments in cGMP-compliant production and market expansions through verified, up-to-date reporting.
ANI Pharmaceuticals has announced the FDA approval and launch of Ketoconazole Shampoo, 2%, a generic version of Nizoral®. This approval marks another competition product for ANI, aligning with their strategic priority to launch new products addressing patient needs. The company's R&D team has been credited for this achievement.
Nikhil Lalwani, President and CEO of ANI, expressed pride in the approval and commercialization of the product. According to IQVIA data from July 2024, the U.S. annual sales for Ketoconazole Shampoo, 2% total approximately $69.2 million. This launch represents ANI's entry into a significant market segment, potentially boosting the company's revenue and market position in the pharmaceutical industry.
ANI Pharmaceuticals (ANIP) has completed its acquisition of Alimera Sciences, strengthening its Rare Disease segment. The deal adds approximately $105 million in 2024 revenue on a pro forma basis and expands ANI's footprint to 20 countries. Key points include:
1. Addition of two commercial assets: ILUVIEN® and YUTIQ® with growth potential in ophthalmology
2. Expected to drive high single-digit to low double-digit accretion in adjusted non-GAAP EPS in 2025
3. New capital structure reducing interest expense by approximately $39 million annually
4. Expansion of Rare Disease segment to ~45% of pro forma 2024 revenues
5. Potential for accelerated growth of Cortrophin Gel in ophthalmology
ANI maintains its 2024 financial guidance for the standalone company based on continued momentum across Purified Cortrophin® Gel and Generics.
ANI Pharmaceuticals (Nasdaq: ANIP) has initiated closing logistics for its previously announced acquisition of Alimera Sciences (Nasdaq: ALIM). The company expects to complete and announce the closing of the acquisition today, September 16, 2024, subject to the satisfaction or waiver of any remaining customary closing conditions. This strategic move signifies a significant expansion for ANI Pharmaceuticals, potentially enhancing its market position and product portfolio. The acquisition of Alimera Sciences, a company known for its focus on retinal diseases, could bring new opportunities and synergies to ANI's existing pharmaceutical operations.
ANI Pharmaceuticals (Nasdaq: ANIP) has launched Promethazine Hydrochloride and Dextromethorphan Hydrobromide Oral Solution, 6.25 mg/15 mg per 5 mL. This marks the company's 14th new product launch in 2024, contributing to strong growth in its Generics business. The timing of the launch is strategic, coinciding with the upcoming cough and cold season.
According to IQVIA data from July 2024, the U.S. annual sales for this oral solution total approximately $42.6 million. This launch aligns with ANI's strategy to expand its product portfolio and capitalize on market opportunities in the pharmaceutical sector.
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.
ANI Pharmaceuticals (Nasdaq: ANIP) has provided an update on the status of its previously announced acquisition of Alimera Sciences (Nasdaq: ALIM). The company acknowledges Alimera's press release and states that it continues to work in good faith toward closing the acquisition. ANI attributes any delay to ongoing discussions regarding closing conditions, which it expects to resolve promptly. The update suggests that the acquisition process is still active, but certain details are being finalized before the transaction can be completed.
Alimera Sciences (Nasdaq: ALIM) has filed a lawsuit against ANI Pharmaceuticals (Nasdaq: ANIP) in the Delaware Court of Chancery to enforce the previously announced merger agreement. The legal action aims to compel ANI to close the merger transaction and honor its contractual obligations. Alimera shareholders approved the merger on September 4, fulfilling the last requirement for closing. The company states that it has met all its obligations, but ANI has failed to close on time. Alimera believes the merger offers compelling value for shareholders and is committed to completing the transaction. The lawsuit specifically requests the Court to require ANI to comply with its obligations to finalize the merger as outlined in the Agreement and Plan of Merger dated June 21, 2024.
ANI Pharmaceuticals has successfully closed its offering of $316.25 million in 2.25% convertible senior notes due 2029. The offering, initially set at $250 million, was upsized to $275 million with an additional $41.25 million exercised by initial purchasers. Net proceeds are approximately $306.8 million. ANI plans to use $40.6 million for capped call transactions and the remainder to repay its existing senior secured term loan facility. The company also entered a new senior secured credit agreement with a $325 million delayed draw term loan facility and a $75 million revolving facility. The capped call transactions are expected to reduce potential dilution and offset potential cash payments upon note conversion.
ANI Pharmaceuticals (ANIP) has priced an upsized offering of $275 million in 2.25% convertible senior notes due 2029. The notes will be convertible into cash and potentially shares of ANI's common stock at an initial conversion rate of 13.4929 shares per $1,000 principal amount, representing a conversion price of approximately $74.11 per share. This represents a 30% premium over the last reported sale price of $57.01 per share.
The company expects net proceeds of about $266.8 million, which will be used to fund capped call transactions and repay existing debt. ANI also plans to enter a new $325 million delayed draw term loan facility and a $75 million revolving facility. The offering is expected to settle on August 13, 2024, subject to customary closing conditions.
ANI Pharmaceuticals (Nasdaq: ANIP) has announced its intention to offer $250 million in convertible senior notes due 2029, with an option for an additional $37.5 million. The notes will be offered privately to qualified institutional buyers under Rule 144A. Key features include:
- Semi-annual interest payments
- Maturity on September 1, 2029
- Convertible under certain conditions
- Redeemable by ANI after September 1, 2027
- Repurchasable by noteholders in case of a 'fundamental change'
ANI plans to use the proceeds to repay its existing senior secured term loan and enter into capped call transactions. The company also intends to establish a new $325 million delayed draw term loan facility and a $75 million revolving facility.
