Shares of Longboard Pharmaceuticals Inc. are surging more than 51% Monday, boosted by H. Lundbeck’s $2.6 billion deal to acquire the California-based clinical-stage biopharmaceutical company.
Denmark-based H. Lundbeck A/S on Monday agreed to acquire Longboard Pharmaceuticals, Inc (NASDAQ:LBPH) for $60.00 per share in cash. The transaction is valued at approximately $2.6 billion in equity ...
(Reuters) -H Lundbeck A/S has agreed to buy U.S.-based Longboard Pharmaceuticals for $2.6 billion, marking the biggest deal ever by the Danish drugmaker as it seeks to bolster its portfolio with a ...
Longboard Pharmaceuticals is being acquired by Lundbeck for $60 per share, valuing the deal at $2.6 billion, driven by the potential of bexicaserin. Bexicaserin shows promising seizure reduction data, ...
VALBY, Denmark & LA JOLLA, Calif. - H. Lundbeck A/S (Lundbeck) and Longboard Pharmaceuticals, Inc. (NASDAQ: LBPH) (Longboard) have reached an agreement under which Lundbeck will acquire Longboard, a ...
Longboard looks like an intriguing play within the biotech sector. The company was spun out of Arena Pharmaceuticals in 2020 - Arena was subsequently acquired by Pfizer in a $6.7bn deal. Arena's lead ...
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According to InvestingPro data, Longboard's market capitalization stands at $1.51 billion, significantly lower than the $2.6 billion acquisition price, suggesting a substantial premium being offered ...