ALDR Stock Hits 2-Year High on Lundbeck Acquisition News

ALDR stock

ALDR stock is the biggest gainer in the biotech space on the news that H. Lundbeck A/S will acquire Alder BioPharmaceuticals Inc (NASDAQ:ALDR) for $2 billion.

Solid Boost for Shareholders

When it comes to the biggest pharmaceutical companies in the world, then it is a well-known fact that many of those companies use mergers and acquisition as a path to further growth. Acquisitions help large companies to come into possession of lucrative drugs, which in turn leads to more growth, and that is what Danish pharmaceutical company Lundbeck has done.

In a fresh development, ...

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