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Apellis Stock Soars After Biogen Deal, Momentum Score Surges—Here's What Shareholders Get
Apellis Pharmaceuticals (APLS) shares surged after Biogen announced its acquisition for $41 per share plus potential milestone payments, a 140% premium. This deal expands Biogen’s rare-disease pipeline with approved drugs Empaveli and Syfovre, alongside the late-stage kidney treatment felzartamab. Analysts view the acquisition as a strong strategic fit for Biogen, and Soleno Therapeutics (SLNO) is being eyed as a potential next M&A target.