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Lundbeck Snaps Up Parkinson's Developer Prexton In Deal Worth €905m

 
• By Lucie Ellis-Taitt

Lundbeck has swooped in to buy Merck KGaA spinout Prexton Therapeutics for €100m upfront, prior to Phase II data readouts for its potential first-in-class Parkinson's drug, foliglurax.

Big Fish
Lundbeck acquires Prexton for novel Phase II Parkinson's disease drug • Source: Shutterstock

Lundbeck Inc. has acquired Dutch biopharma company Prexton Therapeutics for €100m upfront, with milestone payment agreements expected to reach €805m, for the smaller firm's Phase II Parkinson's drug foliglurax.

Through Prexton, Lundbeck will obtain global rights to foliglurax, which currently is in clinical Phase II testing for symptomatic treatment of OFF-time reduction in Parkinson’s disease and dyskinesia (uncontrolled movements) including levodopa-induced dyskinesia (LID)

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