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Drug Development

Lundbeck agrees to buy neuroscience firm Longboard

by Rowan Walrath
October 20, 2024 | A version of this story appeared in Volume 102, Issue 33
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The structure of bexicaserin.

Denmark’s Lundbeck is set to acquire Longboard Pharmaceuticals for about $2.5 billion. California-based Longboard has a small molecule, bexicaserin, in late-stage clinical trials for certain types of epilepsy. Lundbeck says it hopes to launch bexicaserin in late 2028 and expects the drug to reach peak annual sales of up to $2 billion. Longboard is also developing a drug candidate called LP659 as a treatment for neurological conditions that could include multiple sclerosis, lupus, Parkinson’s disease, and Alzheimer’s disease.

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