Debt And Guidance ConcernsShares are down, partly driven by technical issues around the convertible debt and some disappointment with DefenCath's guidance.
Investor SentimentInvestor caution around the anti-infective space likely resulted in a stock reaction of a decrease in value compared to the market.
Public Market ChallengesWe are neutral on the acquisition, as we see positives from the combination, but also see challenges and headwinds, most notably public company valuations for acute care companies.