Idorsia publishes interim results of repurchase offer for its 2025 and 2028 convertible bonds

What is the expected effect of the bond repurchase on Idorsia's cash reserves and liquidity? How will the repurchase of the 2025 and 2028 convertible bonds influence the company's capital structure and dilution risk? What premium, if any, is being offered for the convertible bonds compared to their current market price? Will the bond repurchase impact Idorsia's credit rating or borrowing costs for future financing? How might the repurchase affect the conversion ratio and potential upside for existing bondholders? What is the timeline for completing the repurchase offer and are there any conditions or caps on participation? How does this bond repurchase strategy compare to similar actions taken by peer companies in the sector? Could the repurchase lead to a re-rating of Idorsia's stock by analysts or a shift in target price? What are the tax implications of the bond repurchase for both the company and bondholders? How might the market's perception of Idorsia's growth prospects change following this announcement?