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BioWorld - Sunday, July 19, 2026
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Home » Lundbeck buying Prexton in back-loaded deal worth up to $1.1B; $123M up front
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Lundbeck buying Prexton in back-loaded deal worth up to $1.1B; $123M up front

March 19, 2018
By Cormac Sheridan
DUBLIN – H. Lundbeck A/S is acquiring Prexton Therapeutics Ltd. for €100 million up front (US$123 million) and up to €805 million more in development, regulatory and commercial milestones, in a deal that gives it ownership of foliglurax (PXT-002331), a first-in-class metabotropic glutamate receptor 4 (mGluR4) agonist currently undergoing a phase II trial as adjunct therapy in Parkinson's disease.
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