Assertio Therapeutics, INC (ASRT)

[rado]

A few quotes from the call from Dan Peisert

"We believe we can certainly accelerate the path to profitability, and possibly accelerate the trajectory to a broader reach than what the in-person team has been able to do to date to drive awareness to physicians as well as to purchasing managers."

"... should enhance our access to the capital markets at a lower cost of capital than either company had on a standalone basis and accelerate our future M&A strategies so we can leverage both our platforms with complementary assets..."

"...but the synergies will come largely from the contracting and the access teams that will be a tremendous benefit to rest of the Assertio portfolio"

Dan Peisert also noted that this accelerate their plans and be highly accretive in 2024 and that this is a blockbuster product. There was some mention of 600+ clinics that Spectrum had access to whereas ASRT had access to 2000+ clinics. So the Spectrum product will get advertised more broadly than before, ASRT will probably get access to new clinics and relationships with their non-contact platform.