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Lundbeck Leaps Onto Longboard To Ride New Wave In Epilepsy

 
• By Kevin Grogan

Impressed by the data to date on bexicaserin for epileptic encephalopathies syndromes, the Danish drugmaker hopes the drug, through the acquisition of Longboard, will become a cornerstone of its new neuro-rare disease franchise.

Lundbeck HQ
Lundbeck's HQ in Valby, Copenhagen (Lundbeck)

Lundbeck has jumped onto the M&A merry-go-round and made a bid to buy Longboard Pharmaceuticals of the US and its closely watched anti-epilepsy drug bexicaserin.

The Denmark-based brain health specialist has agreed to acquire the La Jolla, CA-headquartered group in a $2.6bn deal, offering to pay $60 per share. That represents a premium of over 54% to the stock’s close of $38

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