Longboard Pharmaceuticals Inc (OQ:LBPH)
Business Focus: Bio Therapeutic Drugs
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4275 Executive Square, Suite 950 LA JOLLA CA 92037 |
| Tel: | N/A |
| Website: | https://www.longboardpharma.com |
| IR: | See website |
| Key People | ||
| Kevin R. Lind President, Chief Executive Officer, Director | Brandi L. Roberts Chief Financial Officer, Executive Vice President | Randall E. Kaye Executive Vice President, Chief Medical Officer |
| Business Overview |
| Longboard Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing medicines for neurological diseases. The Company is working to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). It is focused on developing various product candidates in its pipeline, which includes bexicaserin (LP352) and LP659. The Company plans to advance bexicaserin (LP352), an oral, centrally acting 5-hydroxytryptamine 2C (5-HT2C) receptor superagonist, with no observed impact on 5-HT2B and 5-HT2A receptor subtypes, into a global Phase 3 program. It is also evaluating LP659, an oral, centrally acting, sphingosine-1-phosphate (S1P) receptor subtypes 1 and 5 modulator, which is in development for the potential treatment of rare neuroinflammatory conditions. The Company is conducting a Phase 1 single-ascending dose (SAD) clinical trial for LP659 in healthy volunteers. |
| Financial Overview |
| For the three months ended 31 March 2024, Longboard Pharmaceuticals Inc revenues was not reported. Net loss increased 31% to $15M. Higher net loss reflects General and administrative - Balancing increase of 30% to $4M (expense), Stock-based Compensation in SGA increase from $358K to $929K (expense), Stock-based Compensation in R&D increase from $339K to $820K (expense). |
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