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Mergers & Acquisitions

Lundbeck will acquire Alder Pharma

by Ryan Cross
September 21, 2019 | A version of this story appeared in Volume 97, Issue 37
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The Danish drug firm Lundbeck has agreed to pay up to $1.95 billion for Alder BioPharmaceuticals, a Bothell, Washington-based company focused on migraine treatments. Alder has developed an antibody, eptinezumab, that targets calcitonin gene-related peptide; the company expects to earn approval for the therapy early next year. Eptinezumab will face competition from Amgen, Eli Lilly and Company, Novartis, and Teva Pharmaceuticals, which market similar migraine drugs.

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