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The acquisition of DURECT introduces a promising drug that could enhance BHC's portfolio. Historically, acquisitions of successful therapies have correlated with stock price increases, especially in niche markets with unmet needs.
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BHC to acquire DURECT Corp, paying $1.75 per share. Larsucosterol shows promise for alcoholic hepatitis in Phase 2 trials. No approved treatments for alcoholic hepatitis currently exist. Acquisition aligns with ongoing RED-C clinical program for liver disease. Transaction expected to close by Q3 2025, amid plans to reduce debt.
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