Why Endo International and BioSpecifics Technologies Stocks Soared Today

Why Endo International and BioSpecifics Technologies Stocks Soared Today

Shares of Endo International (NASDAQ: ENDP) and BioSpecifics Technologies (NASDAQ: BSTC) were soaring 13.9% and 45.1%, respectively, as of 3:31 p.m. EDT on Monday. The big gains came after Endo announced plans to acquire BioSpecifics Technologies for $540 million net of cash acquired in the deal. It makes perfect sense why BioSpecifics Technologies share price took off.