Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Total consideration transferred for the acquisition of Apellis is summarized as follows:


(In millions)	As of May 14, 2026
Cash consideration paid/payable to Apellis shareholders	$	5,406.0

Contingent consideration(1)	4.1
Total consideration	$	5,410.1

(1) Contingent consideration represents the fair value of CVRs that are subject to the achievement of specified annual global net sales thresholds for SYFOVRE.

Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the preliminary purchase price allocation of the separately identifiable assets acquired and liabilities assumed as of May 14, 2026:


(In millions)	Amounts Recognized as of Acquisition Date May 14, 2026
Cash and cash equivalents	$	310.7
Accounts receivable	384.4
Inventory	712.0
Other current assets	46.1
Intangible assets (completed technology)	4,630.0
Operating lease assets	12.5
Accounts payable	(32.9)
Accrued expense and other	(117.4)
Senior secured term loan	(395.2)
Convertible note	(101.5)
Operating lease liabilities	(18.1)
Deferred tax liability	(522.1)
Other, net	0.1
Total identifiable net assets	4,908.6
Goodwill	501.5
Total assets acquired and liabilities assumed	$	5,410.1

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References + Details