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ANIP — ANI Pharmaceuticals Inc.

ANIP (ANI Pharmaceuticals Inc.) stock: $71.51, $1.62B market cap, $420.8M cash, $1.50B EV, $2.14B fully diluted market cap. Data from Fully Diluted's biotech stocks database.

Pending acquisition: ANI is acquiring Egetis Therapeutics for SEK 11.25 per share in cash. Acceptance period expected November 20 to December 18, 2026.

What they do

The Company's mission is “Serving Patients, Improving Lives” by developing, manufacturing, and commercializing therapeutics through its Rare Disease, Generics, and Brands businesses. On September 16, 2024, the Company acquired Alimera Sciences, Inc. ("Alimera").

Source: 10-K FY2025 via SEC EDGAR

Share price
$71.51
Market cap
$1,624.8M
Cash
$420.8M
Enterprise value
$1,501.7M

Balance sheet

Cash$420.8M
Debt$297.7M
Net cash$123.1M
Enterprise value$1,501.7M
Basic shares23.0M shares
Fully diluted shares29.9M shares
Fully diluted market cap$2,135.3M
Cash per share$18.33
Quarterly burn+$56.7M generated

Cash figures as of 2026-09-30. Database snapshot: 2026-11-10.

Share structure

Common
23.0M
Pre-funded warrants
0.0M
Options
0.3M
RSUs
1.8M
Warrants
0.0M
Converts
4.3M
Conv preferred
0.0M
ESPP reserve
0.5M
FDSO
29.9M

Cap table as of 2026-06-30.

ANI announced a recommended public cash offer for Egetis Therapeutics on November 5, 2026: SEK 11.25 per Egetis share in cash, about SEK 5.6 billion (about $560M) in total including Egetis incentive programs, plus cash for Egetis's convertible loan and warrants. No ANI shares are issued; the offer is funded with cash on hand and new debt financing from JPMorgan Chase Bank, and it carries no financing condition. Egetis's board unanimously recommends the offer and holders of about 42% of Egetis shares have given irrevocable undertakings to accept. Completion needs acceptances above 90% of Egetis shares on a fully diluted basis and regulatory clearances. The acceptance period is expected to run from about November 20 to about December 18, 2026, with settlement expected around December 29, 2026. The share counts on this page do not change in this deal. ANI's cash and debt on this page are pre-offer standalone figures and will be replaced at settlement, when the cash portion is paid out and the new debt is drawn.

Price history

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Next catalyst

ILUVIEN · Est. Nov 15, 2026 · quarter midpoint · guided Now

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ILUVIEN Positive · 2026-07-13
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