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Blueprint Medicines Corp (NASDAQ:BPMC) has reached an all-time high, with its stock price hitting 128.45 USD. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions. This milestone comes amid a notable 17.4% increase over the past year, with an impressive 47% surge in the past six months alone. The biotech firm, known for its innovative approach to precision therapy, has been gaining traction in the market, maintaining a healthy financial position with a current ratio of 2.8 and strong gross profit margins of 96.5%. InvestingPro subscribers have access to 12 additional key insights about BPMC’s financial health and growth prospects. The stock’s ascent to an all-time high underscores the positive sentiment surrounding Blueprint Medicines’ growth prospects and its potential impact on the healthcare sector, supported by the company’s robust revenue growth of 99% in the last twelve months.
In other recent news, Blueprint Medicines has announced its acquisition by Sanofi (NASDAQ:SNY) in a transaction valued at approximately $9.5 billion. The deal includes a cash purchase of $129 per share, with additional contingent value rights (CVRs) tied to the development and approval milestones of BLU-808, an investigational treatment. This acquisition is expected to enhance Sanofi’s portfolio in rare immunological diseases and expand its early-stage pipeline in immunology. Citi analysts have upgraded Blueprint Medicines’ stock rating to Neutral, aligning their price target with the acquisition price. Conversely, Citizens JMP and TD Cowen have downgraded the stock, reflecting the anticipated changes following the acquisition. JPMorgan also downgraded the stock, citing the acquisition’s impact on their previous expectations. Ayvakit, a key asset in Blueprint’s portfolio, achieved nearly $150 million in net revenues in the first quarter of 2025, marking a significant increase from the previous year. The acquisition is anticipated to close in the third quarter of 2025, subject to regulatory approvals.
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