Lundbeck to Acquire Prexton Therapeutics for Up-to-$1.1B

H. Lundbeck has agreed to acquire Prexton Therapeutics for up to €905 million ($1.1 billion), the companies said today, in a deal that adds a Phase II Parkinson’s disease candidate to the buyer’s pipeline focused on neurological as well as psychiatric disorders.Lundbeck has agreed to pay Prexton €100 million ($122.9 million) upfront, and up to €805 million ($989.1 million) in payments tied to achieving development and sales milestones.“We are very excited to be w