financetom
Business
financetom
/
Business
/
Denmark's Lundbeck to buy Longboard Pharma in $2.6 billion deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Denmark's Lundbeck to buy Longboard Pharma in $2.6 billion deal
Oct 14, 2024 4:19 AM

Oct 14 (Reuters) - Denmark's H Lundbeck A/S

has agreed to buy Longboard Pharmaceuticals ( LBPH ) in a $2.6

billion deal to boost its pipeline of treatments for neuro-rare

conditions, sending shares of the U.S.-based company up 43.9% in

premarket trading.

The companies said Lundbeck will acquire all of Longboard's

shares for $60 per share, which represents a premium of 54.2% to

the stock's last close of $38.90.

Longboard's lead drug candidate, bexicaserin, for seizures

associated with a group of epilepsies is in late-stage

development.

(Reporting by Manas Mishra and Puyaan Singh in Bengaluru;

Editing by Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Johnson & Johnson Reports 6.8% Passive Stake In Rapport Therapeutics Inc As Of Sept 30- SEC Filing
BRIEF-Johnson & Johnson Reports 6.8% Passive Stake In Rapport Therapeutics Inc As Of Sept 30- SEC Filing
Oct 18, 2024
Oct 18 (Reuters) - Rapport Therapeutics Inc ( RAPP ): * JOHNSON & JOHNSON REPORTS 6.8% PASSIVE STAKE IN RAPPORT THERAPEUTICS INC AS OF SEPT 30- SEC FILING Source text for Eikon: Further company coverage: ...
Vale forecasts $930 mln in new Q3 liabilities related to dam collapse
Vale forecasts $930 mln in new Q3 liabilities related to dam collapse
Oct 18, 2024
SAO PAULO, Oct 18 (Reuters) - Brazilian miner Vale on Friday forecast that its third quarter earnings will reflect 5.3 billion reais ($930.90 million) in new liabilities related to the Mariana dam collapse. In a securities filing, Vale said the estimate is based on the current terms in discussion with miners BHP and Samarco and Brazilian authorities for a final...
BRIEF-Compass Venture Announces Definitive Agreement To Acquire Cannioasis Pte. Ltd.
BRIEF-Compass Venture Announces Definitive Agreement To Acquire Cannioasis Pte. Ltd.
Oct 18, 2024
Oct 18 (Reuters) - Compass Venture Inc: * COMPASS VENTURE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE CANNIOASIS PTE. LTD. * COMPASS VENTURE INC - CANNIOASIS TO BECOME WHOLLY-OWNED SUBSIDIARY OF COMPASS * COMPASS VENTURE: PROPOSED DEAL FOR AT PRICE OF $0.16 PER SUBSCRIPTION RECEIPT Source text for Eikon: Further company coverage: ...
Public Storage Appoints Chris Sambar as COO
Public Storage Appoints Chris Sambar as COO
Oct 18, 2024
04:15 PM EDT, 10/18/2024 (MT Newswires) -- Public Storage ( PSA ) said Friday it has appointed Chris Sambar as its chief operating officer. Sambar previously served as president at AT&T (T) Communications, the company said. Price: 345.62, Change: +0.17, Percent Change: +0.05 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved