MannKind Corporation successfully acquired scPharmaceuticals Inc. for $5.35 per share, expanding its cardiometabolic care portfolio and expected to drive double-digit revenue growth through FUROSCIX®, an innovative therapy for heart failure and kidney disease.

MannKind Corporation announced it will acquire scPharmaceuticals for $303 million, expanding its presence in cardiometabolic and lung diseases. The deal includes an upfront cash payment of $5.35 per share and potential additional milestone payments, representing a 36% premium to scPharmaceuticals' recent trading price.

scPharmaceuticals (SCPH) delivered earnings and revenue surprises of 20% and 6.17%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?