Prexton Acquired by Lundbeck for up to €905m.
H. Lundbeck A/S (Lundbeck) and Seroba’s Investee Company, Prexton Therapeutics BV (Prexton), today announced the signing of a definitive agreement in which Lundbeck will acquire Prexton. Under the terms of the agreement, Lundbeck will pay EUR 100 million upfront plus EUR 805 million in development and sales milestones. By acquiring Prexton, Lundbeck will obtain global rights of foliglurax, which currently …