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)