scPharmaceuticals Inc. Common Stock (SCPH)
scPharmaceuticals Inc. is a pharmaceutical company focused on developing and commercializing innovative, FDA-approved products that address unmet medical needs. The company's primary focus is on hospital and specialty care markets, providing therapies that improve patient outcomes and healthcare efficiency.
Company News
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?