Brean Murray Carret Comments On Adolor Valuation

According to Brean Murray Carret, Adolor ADLR held management meetings. Brean Murray Carret said that full ownership of Entereg is exactly what Adolor needed to increase its floor valuation and it is immediately accretive. “Our valuation is based upon a DCF with a 35% discount rate and a 4 multiple applied to our projected 2020 EBITDA as our terminal value.” Adolor closed yesterday at $2.32.