BOLD - Audentes Therapeutics, Inc.

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
59.45
+0.01 (+0.02%)
As of 10:58AM EST. Market open.
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Previous Close59.44
Open59.46
Bid59.42 x 800
Ask59.43 x 800
Day's Range59.42 - 59.50
52 Week Range17.95 - 59.68
Volume218,814
Avg. Volume1,044,578
Market Cap2.7B
Beta (3Y Monthly)1.78
PE Ratio (TTM)N/A
EPS (TTM)-3.99
Earnings DateNov 7, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est58.75
  • ACCESSWIRE

    SHAREHOLDER ALERT: Monteverde & Associates PC Reminds Investors of an Ongoing Inquiry Regarding the Merger

    NEW YORK, NY / ACCESSWIRE / December 11, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

  • GlobeNewswire

    BOLD, MDCO, AYR, and PEGI SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., Dec. 10, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Audentes Therapeutics, Inc. (NASDAQ GS: BOLD) regarding possible breaches of.

  • ACCESSWIRE

    SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Audentes Therapeutics, Inc. - (NasdaqGS: BOLD)

    BALA CYNWYD, PA / ACCESSWIRE / December 10, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Audentes, Inc. ("Audentes" ...

  • ACCESSWIRE

    STOCKHOLDER ALERT: Monteverde & Associates PC Continues its Legal Inquiry for the Recent Acquisition

    NEW YORK, NY / ACCESSWIRE / December 10, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

  • GlobeNewswire

    SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – INST, AKS, BOLD, SORL

    NEW YORK, Dec. 10, 2019 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Instructure, Inc. (NYSE: INST)The.

  • ACCESSWIRE

    MERGER ALERT - BOLD and INST: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, NY / ACCESSWIRE / December 9, 2019 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders ...

  • PR Newswire

    SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Audentes Therapeutics, Inc. - BOLD

    Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Audentes Therapeutics, Inc. ("Audentes" or the "Company") (Nasdaq: BOLD) relating to the sale of the Company to Astellas Pharma Inc. Under the terms of the Agreement, Audentes shareholders will have the right to receive $60.00 in cash for each Audentes common stock owned.

  • Hedge Funds Are Souring On Audentes Therapeutics, Inc. (BOLD)
    Insider Monkey

    Hedge Funds Are Souring On Audentes Therapeutics, Inc. (BOLD)

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • Moody's

    Astellas Pharma Inc. -- Moody's reviews Astellas Pharma's A1 ratings for downgrade

    Moody's Japan K.K. has placed Astellas Pharma Inc.'s A1 issuer ratings under review for downgrade. The rating action follows Astellas' announcement on 3 December 2019 that it had entered into a definitive agreement to acquire the entire stock of Audentes Therapeutics, Inc. for approximately USD3 billion. "This acquisition indicates an urgency for Astellas to feed its long term product pipeline after a wave of patent expiries this year, and signals a rise in acquisition event risk," says Akifumi Fukushi, a Moody's Vice President and Senior Analyst.

  • GuruFocus.com

    Astellas-Audentes Deal Likely to Ignite More Acquisitions

    Companies with gene therapy capabilities are becoming more attractive to members of Big Pharma, who are eager to add the technology to their portfolios Continue reading...

  • 4 Solid Gene Therapy Buyout Bets Post Audentes-Astellas Deal
    Zacks

    4 Solid Gene Therapy Buyout Bets Post Audentes-Astellas Deal

    Gene therapy continues to draw attention with the recent spate of deals and acquisitions. We list four stocks with promising candidates in their pipelines that make attractive acquisition targets.

  • ACCESSWIRE

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Audentes Therapeutics, Inc. to Astellas Pharma Inc. is Fair to Shareholders

    NEW YORK, NY / ACCESSWIRE / December 4, 2019 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Audentes Therapeutics, Inc. ("Audentes" ...

  • Company News for Dec 4, 2019
    Zacks

    Company News for Dec 4, 2019

    Companies In The News Are: UNH,PEP,CLF,AKS,BOLD.

  • Benzinga

    The Daily Biotech Pulse: Roche's Tecentriq Snags FDA Nod For Lung Cancer, Rapt Out-Licenses Cancer Drug

    Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks hitting 52-week highs on Dec. 3) Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY ) Antares ...

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Audentes Therapeutics, Inc.
    PR Newswire

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Audentes Therapeutics, Inc.

    WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Audentes Therapeutics, Inc. ("Audentes" or the "Company") (NASDAQ: BOLD) in connection with the proposed acquisition of the Company by Astellas Pharma Inc. ("Astellas Pharma") (OTC:ALPMY). Under the terms of the acquisition agreement, BOLD shareholders will receive $60.00 per share in cash.

  • This Gene Therapy Stock Just Netted A $3 Billion Bid — Who's Next?
    Investor's Business Daily

    This Gene Therapy Stock Just Netted A $3 Billion Bid — Who's Next?

    Shares of Audentes Therapeutics rocketed more than 100% Tuesday on news Japanese pharmaceutical company Astellas Pharma will acquire the gene therapy biotech company for $3 billion.

  • Gene Therapy M&A Appetite Provides Lift After Audentes Deal
    Bloomberg

    Gene Therapy M&A Appetite Provides Lift After Audentes Deal

    (Bloomberg) -- Biotech’s second year of red-hot takeovers is set for a strong finish as Astellas Pharma Inc.’s move to buy Audentes Therapeutics Inc. for about $3 billion comes a week after Novartis AG’s $6.8 billion deal for Medicines Co.The deals continue a trend of mega mergers that was triggered in January with Bristol-Myers Squibb Co.’s $74 billion purchase of Celgene Corp. in the biggest ever biotech deal. The sector’s more than $130 billion in M&A so far this year is on track to meet or maybe surpass the previous year’s record, according data compiled by Bloomberg.“We clearly underestimated big pharma’s appetite for gene therapy,” wrote Citi analyst Mohit Bansal in a research note to clients. Given recent deals there appears “to be a demand for late-stage gene therapy companies, and big pharma is willing to pay high premium for such companies.”With the optimism, the Nasdaq Biotech Index rose 0.5% on Tuesday as the broader market churned. An equal-weighted ETF tracked by specialists, the SPDR S&P Biotech ETF (XBI), gained 1.3%.As investors hunt for the next takeout darling, several analysts across Wall Street have pitched companies with attractive technologies and manufacturing capabilities.UniQure NV, an Amsterdam-based gene therapy company, topped the list of recommendations with shares jumping more than 16%. In June, Bloomberg News had reported the drugmaker was said to be exploring its options, including a potential sale.“As a knee-jerk reaction, we would expect to see gene therapy companies trade up in sympathy tomorrow,” wrote SVB Leerink’s Joseph Schwartz.Schwartz highlighted UniQure as well as companies Solid Biosciences Inc., Sarepta Therapeutics Inc., and BioMarin Pharmaceutical Inc. as likely beneficiaries.Astellas’ lack of a gene therapy footprint should allow an easy approval from global regulators, according to analysts. That stands in contrast to Roche Holding AG’s delayed $4.8 billion deal to buy small-cap drug developer Spark THerapeutics Inc., which spooked some on Wall Street.However, SVB Leerink anlayst Mani Foroohar wrote that Monday’s deal announcement “could signal a return to gene therapy M&A” and return some “acquisition optionality” to stocks within his coverage.Here’s a look at what some on Wall Street are saying about the deals and which peers may benefit:Citi, Mohit Bansal“We think a company like BMRN in our coverage could fit the bill. BRMN has a filing-ready hemophilia A product.”“Overall, we expect gene therapy stocks to trade up on this deal.”SVB Leerink, Joseph Schwartz and Mani Foroohar“We remain positive on gene therapy companies -- particularly those with internal manufacturing capabilities -- and subsequent M&A activity in the gene therapy space would not be surprising to us.”“In particular, we expect QURE, SLDB, and SRPT to trade higher given the significant weight of gene therapy assets in these companies; the magnitude of upside moves for BMRN, FOLD, and RARE, may be less given the more diverse product/candidate mix in each of these respective companies.”“While gene therapy companies in our universe have differences vs BOLD in technology platforms (AVRO, BLUE and RCKT), business models (BBIO, RGNX) and target indication strategy (AXGT), we expect shares to react positively to this news across our gene therapy and gene editing (NTLA) coverage.”Piper, Christopher Raymond“We suspect – and for good reason – that gene therapy levered or gene therapy-focused stocks are likely to see a decent rally today and going forward. Among the Piper coverage universe, these names include ADVM, BBIO, BMRN, MGTX, RCKT, QURE, RARE and SRPT.”Raymond James, Steven Seedhouse“This is clearly just another bullish signal for genetic medicine.”“It may also signal ‘platform value’ is a real thing that shouldn’t be ignored in today’s market. In our coverage, we expect EDIT (Outperform), NTLA (Outperform), CRSP (Underperform) will benefit from the optics.”Wedbush, David Nierengarten“We admit to being surprised at the acquirer, but any buyer of Audentes was likely to be one interested in buying not only leading gene therapy candidates but also technical expertise and manufacturing capacity.”“Early this year acquisitions for gene therapy companies Nightstar and Spark Therapeutics by Biogen and Roche, respectively, increased M&A chatter in the sector, and with this latest buyout, we expect the sector to benefit.”To contact the reporter on this story: Bailey Lipschultz in New York at blipschultz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven Fromm, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    The Gene Therapy Names Moving On The Audentes Buyout Deal

    Gene therapy company Audentes Therapeutics Inc (NASDAQ: BOLD ) announced a deal late Monday to be acquired by Japanese pharma company ASTELLAS PHARMA/ADR (OTC: ALPMY ) for $60 per share, representing a ...

  • AUDENTES ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of BOLD and Encourages Investors to Contact the Firm
    PR Newswire

    AUDENTES ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of BOLD and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Audentes Therapeutics, Inc. (NASDAQ: BOLD) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to Astellas Pharma Inc.

  • Astellas’ $3 billion gene therapy deal steadies investors after stalled Roche acquisition
    MarketWatch

    Astellas’ $3 billion gene therapy deal steadies investors after stalled Roche acquisition

    Astellas Pharma Inc.’s $3 billion acquisition of Audentes Therapeutics is a strong indicator that the pharmaceutical industry’s march into gene therapy development isn’t going to slow down in 2020.

  • Gene Therapies Get a $3 Billion Vote of Confidence
    Bloomberg

    Gene Therapies Get a $3 Billion Vote of Confidence

    (Bloomberg Opinion) -- Gene therapies — treatments that replace faulty genetic code to fight deadly diseases — are still in their infancy. Just two have been approved in the U.S. so far. But they got a big vote of confidence after the close of U.S. trading Monday when Japanese drugmaker Astellas Pharma Inc. announced it was buying Audentes Therapeutics Inc., a Bay Area developer of gene therapies, for $3 billion.The acquisition is a gamble for Astellas. It’s paying a substantial 110% premium over Audentes’s closing stock price on Monday, and the deal could constrain its ability to buy anything else of significance. And while there’s been a lot of progress in gene therapy — some treatments look like potential cures — no company has proved it can turn promise into sustained commercial success yet. Still, it may be worth the risk.Audentes has a broad and intriguing pipeline, and buying the company makes Astellas an instant player in gene therapy at a price that may not look so bad in the future. The nearest-term test of the deal will be the success of Audentes’s treatment for X-linked myotubular myopathy, a neuromuscular disease that occurs in one of every 40,000 to 50,000 male births and causes muscles to atrophy. Half of those born with the condition are likely to die within 18 months. Most who survive need ventilators and feeding tubes. The company hopes to file for U.S. approval by the middle of next year. The rarity of the condition will make for an especially tough product launch. Every patient will count, and Astellas will likely have to charge a hefty price.Luckily, the treatment looks highly effective. The first seven patients who had been dosed no longer needed ventilators, as of August. If those results continue, Astellas will have a strong case to make for a high price. Patients with this condition require enormous amounts of medical spending; a one-time treatment that substantially reduces that could wind up being highly cost-effective and appealing. Astellas also has a global reach and much more substantial resources, which will make the tough job of finding patients and getting reimbursement for the medicine easier. Even optimistic projections for the drug likely wouldn’t support a $3 billion buyout, however. Obtaining Audentes’s gene-therapy manufacturing capability helps, as making these drugs isn’t cheap or easy. But the real upside comes from Audentes’s earlier-stage drugs. The company has gene therapies in Pompe disease and Duchene Muscular Dystrophy (DMD) that it intends to test in clinical trials starting next year. Audentes believes its novel approach to both conditions could be more effective than those taken by a number of its competitors and has an interesting scientific rationale for those claims. Audentes’s various novel approaches still have to prove their worth in real-world tests. They add risk, but the deal could look very smart quite quickly if they work out. Sarepta Therapeutics, for example, is worth $8 billion, based in large part on an approach to DMD that Audentes thinks it can leapfrog. Positive data from any of the company’s next wave of products would speak well to the ambitious team and R&D platform that Astellas has acquired.No deal that doubles a target's stock price and wipes out most of an acquirer's dry powder can be called a bargain. And yet, Audentes would likely have been much more expensive had Astellas waited for the company's pipeline to mature and the field to get even hotter. When it comes to a promising new area of medicine, early is better than late.To contact the author of this story: Max Nisen at mnisen@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Max Nisen is a Bloomberg Opinion columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Benzinga

    Japan's Astellas To Buy Gene Therapy Company Audentes For $3B Cash

    Astellas and Audentes Therapeutics Inc (NASDAQ: BOLD) said they have entered a definitive agreement for the former to acquire the latter for $60 per share in cash, representing a total equity value of about $3 billion. The per-share transaction value represents a 110% premium to Audentes' Monday closing price of $28.61. Astellas, through Asilomar, an acquisition vehicle of its U.S. subsidiary, will commence in the next few weeks a tender offer to buy all outstanding Audentes shares.

  • Breakthrough gene therapy company snared by Japanese biopharma for $3 billion
    American City Business Journals

    Breakthrough gene therapy company snared by Japanese biopharma for $3 billion

    Astellas Pharma Inc. will buy gene therapy pioneer Audentes Therapeutics Inc. for $3 billion cash, according to a definitive agreement the companies disclosed Monday afternoon. One, San Francisco-based Audentes (NASDAQ: BOLD) is one of the early startups in the gene therapy area, where companies are developing a single shot carrying the correct copy of a gene to cure patients of genetic diseases. Secondly, gene therapy has faced sharp highs and lows, but the $60-per-share price offered by Tokyo-based Astellas indicates that deep-pocketed biopharmaceutical companies see lots of hope in the field.

  • Barrons.com

    Gene-Therapy Firm Audentes Sells for Double Its Share Price. It Could Be the First of Many More Deals.

    Astellas Pharma is paying $60 a share in cash for a gene-therapy stock that closed at $28.61 on Monday.

  • ACCESSWIRE

    AUDENTES THERAPEUTICS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

    WILMINGTON, DE / ACCESSWIRE / December 3, 2019 / Rigrodsky & Long, P.A.: Do you own shares of Audentes Therapeutics, Inc. (NASDAQ GS: BOLD )? Did you purchase any of your shares prior to December 2, 2019? ...