AcquisitionMay 7, 2026Completed
๐Ÿ‡บ๐Ÿ‡ธ United States

Catalyst Pharmaceuticals, Inc.Angelini Pharma S.p.A.

Healthcare โ€บ Pharmaceuticals

Equity value$4.1BEquity value
AnnouncedMay 7, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderYes
Contingent paymentNo

Overview

Angelini Pharma agreed to acquire all outstanding shares of Catalyst Pharmaceuticals for $31.50 per share in cash, about $4.1 billion in equity value, through a merger of an Angelini subsidiary into Catalyst.

Deal rationale

The deal marks Angelini Pharma's entry into the U.S. market and builds a rare disease and brain health platform by combining Catalyst's portfolio and commercial infrastructure with Angelini's expertise.

AI-generated from the SEC filing
CompletedHealthcare โ€บ PharmaceuticalsUnited StatesNorth America

Timeline

  1. AnnouncedMay 7, 2026

    Imported from prototype record 276, unverified

    Filing
  2. Regulatory clearanceJun 16, 2026

    HSR waiting period expired or ended.

    Filing
  3. Shareholder vote ยท ApprovedJul 8, 2026

    Target shareholders approved the deal.

    Filing
  4. ClosedJul 15, 2026

    Closing reported in Form 8-K filed 2026-07-16.

    Filing

Valuation and terms

Equity value$4.1BHeadline figure
Enterprise valueUndisclosed
ConsiderationCash

Advisors

Buy-side
BPBNP ParibasCPCenterview PartnersMSMorgan Stanley
Sell-side
JPJ.P. Morgan

Parties

Target
Catalyst Pharmaceuticals, Inc.
Headquarters
United States
Ticker
CPRX
EDGAR company page
Acquirer
Angelini Pharma S.p.A.
Headquarters
Italy
Ticker
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