Aerie Pharma rockets on news of takeover bid

23 August 2022

Shares of US ophthalmic drugs specialist Aerie Pharmaceuticals (Nasdaq: AERI) shot up 34.55 to $15.00 pre-market, after it was announced it has entered into a definitive merger agreement through which Switzerland-headquartered eye-care company Alcon (SIX: ALC) will acquire Aerie.

This transaction affirms Alcon’s commitment to the ophthalmic pharmaceutical space and is expected to add broader pharmaceutical R&D capabilities to Alcon’s existing commercial expertise, maximizing the value of its diversified portfolio.

Financial terms

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