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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
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.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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