{
Arena Pharmaceuticals Inc.

Companies

}
001122334455554433221100
001122334455554433221100

lundbeck acquires longboard pharmaceuticals for 2.6 billion dollars to enhance brain drug portfolio

Danish drugmaker Lundbeck has agreed to acquire Longboard Pharmaceuticals for $2.6 billion, paying $60 per share, a 54% premium. The deal aims to enhance Lundbeck's portfolio with bexicaserin, a potential treatment for developmental and epileptic encephalopathies, which could generate annual sales of $1.5 billion to $2 billion. The acquisition is expected to close by year-end, positioning Lundbeck for growth as it faces patent expirations on key products.
BioPharma Dive
United States Dollar H. Lundbeck A/S Arena Pharmaceuticals Inc. Longboard Pharmaceuticals, Inc. Pfizer Inc. DNK Charl van Zyl Arena Pharmaceuticals Show more
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