LB Pharmaceuticals announces $150 million private placement
The funding will support pipeline expansion of LB-102 into new indications and for working capital.
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Biopharmaceutical company developing therapies for neuropsychiatric diseases
lbpharma.usLast updated
In short: LB Pharmaceuticals secured $150M in funding, accelerated its Phase 3 schizophrenia trial timeline, and appointed a new clinical lead.
The funding will support pipeline expansion of LB-102 into new indications and for working capital.
The company now expects to report topline data in first half of 2027, ahead of prior guidance.
Initiated pivotal Phase 3 NOVA-2 trial in schizophrenia and Phase 2 ILLUMINATE-1 trial in bipolar depression, with $365.6 million cash.
The Phase 3 NOVA-2 trial is ongoing, with topline data expected in 2027, and LB-102 could be the first US-approved benzamide.
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Topline data from LB-102's Phase 3 NOVA-2 schizophrenia trial is now expected in 1H 2027, with cash runway into Q2 2029 and Phase 2 mood-disorder...
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