Goldman Sachs discloses trading activity in Avadel Pharmaceuticals

Published 04/11/2025, 16:46
Goldman Sachs discloses trading activity in Avadel Pharmaceuticals

DUBLIN - Goldman Sachs & Co. LLC reported its trading activity in Avadel Pharmaceuticals PLC (NASDAQ:AVPL) shares, according to a regulatory filing submitted Tuesday.

The investment bank disclosed that as of November 3, 2025, it held long positions totaling 1,803,768 ordinary shares (1.85% of outstanding shares) and short positions of 739,860 shares (0.75%) in the pharmaceutical company.

The filing, made under Rule 38.5(b) of the Irish Takeover Panel Act, detailed specific transactions executed on November 3, including multiple purchases at prices ranging from $18.92 to $18.94 per share and numerous sales at prices between $18.74 and $18.76.

Goldman Sachs also reported several securities borrowing transactions, including new borrowings of 206,500 shares and full returns of 47,360 shares.

The disclosure indicated that Goldman Sachs is acting as an advisor to Avadel Pharmaceuticals, suggesting the company may be involved in potential takeover activity. The filing was made in compliance with Irish regulations requiring disclosure of dealings by connected exempt principal traders.

Avadel Pharmaceuticals is an Ireland-based biopharmaceutical company that develops medications using its proprietary drug delivery technologies.

The information was disclosed in a regulatory press release filed with the London Stock Exchange's news service.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.