Pharma Deals Review, Vol 2019, No 9 (2019)

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Lundbeck Expands CNS Franchise with US$2 B Alder Acquisition

Michelle Liu

Abstract


As it faces pressure from upcoming patent expirations and generic competition, Lundbeck has agreed to acquire Alder BioPharmaceuticals to diversify its CNS franchise. The deal, worth up to US$1.95 B, gives Lundbeck access to eptinezumab, a calcitonin gene-related peptide(CGRP) inhibitor for the prevention of migraine which could gain US approval in February 2020. If granted, eptinezumab will be the first quarterly anti-CGRP infusion therapy for migraine prevention compared to the monthly dosing schedule for its rivals such as Amgen/Novartis’ Aimovig® (erenumab-aooe), Teva’s Ajovy® (fremanezumab-vfrm), and Eli Lilly’s Emgality® (galcanezumab-gnlm).

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