LBPH Longboard Pharmaceuticals Inc.

4.28
-0.21  -5%
Previous Close 4.49
Open 4.51
52 Week Low 4.08
52 Week High 18.95
Market Cap $73,681,698
Shares 17,215,350
Float 7,254,510
Enterprise Value $-38,877,302
Volume 3,224
Av. Daily Volume 41,072
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Drug Pipeline

Drug Stage Notes
LP352
Developmental and epileptic encephalopathies (DEEs)
Phase 1/2
Phase 1/2
Phase 1 data released September 8, 2021, demonstrating a majority of adverse effects of the drug to be mild to moderate. Phase 1b/2a trial to be initiated 1Q 2022.

Latest News

  1. SAN DIEGO, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced that members of its senior leadership team will present at the H.C. Wainwright BioConnect Virtual Conference. The presentation webcast will be available beginning Monday, January 10, 2022, at 7:00 AM ET.

    To access a webcast of the presentation, please visit the "Events & Presentations" page within the Investors Relations section of Longboard's website at https://www.longboardpharma.com/. The presentation will archived on the website for at least 30 days following the event.

    About Longboard Pharmaceuticals

    SAN DIEGO, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced that members of its senior leadership team will present at the H.C. Wainwright BioConnect Virtual Conference. The presentation webcast will be available beginning Monday, January 10, 2022, at 7:00 AM ET.

    To access a webcast of the presentation, please visit the "Events & Presentations" page within the Investors Relations section of Longboard's website at https://www.longboardpharma.com/. The presentation will archived on the website for at least 30 days following the event.

    About Longboard Pharmaceuticals

    Longboard Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard is working to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). Longboard's small molecule product candidates are based on more than 20 years of GPCR research. Longboard is evaluating LP352, an oral, centrally acting 5-HT2c receptor superagonist, with negligible observed impact on 5-HT2b and 5-HT2a receptor subtypes, in development for the potential treatment of seizures associated with developmental and epileptic encephalopathies. Longboard is also evaluating LP143, a centrally acting, full CB2 receptor agonist, in development for the potential treatment of neurodegenerative diseases associated with neuroinflammation caused by microglial activation, and LP659, a centrally acting, S1P receptor subtypes 1 and 5 modulator, in development for the potential treatment of central nervous system neuroinflammatory diseases.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements include statements about Longboard's participation in the upcoming conference, clinical and preclinical programs, ability to develop medicines, and focus. For such statements, Longboard claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from Longboard's expectations. Factors that could cause actual results to differ materially from those stated or implied by Longboard's forward-looking statements are disclosed in Longboard's filings with the Securities and Exchange Commission (SEC). These forward-looking statements represent Longboard's judgment as of the time of this release. Longboard disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.



    Corporate Contact:
    Megan E. Knight
    Head of Investor Relations
    
    
    619.592.9775

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  2. SAN DIEGO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced the appointment of Jane Tiller, MBChB, FRCPsych, to its board of directors.

    "We are thrilled to further strengthen the deep expertise of our Board with the addition of Dr. Tiller. Jane brings knowledge across multiple therapeutic areas including neuroscience, and a deep understanding and successful track record in strategy and execution in global clinical development and medical affairs," stated Kevin R. Lind, Longboard's President and Chief Executive Officer. "These attributes will be invaluable as we advance…

    SAN DIEGO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced the appointment of Jane Tiller, MBChB, FRCPsych, to its board of directors.

    "We are thrilled to further strengthen the deep expertise of our Board with the addition of Dr. Tiller. Jane brings knowledge across multiple therapeutic areas including neuroscience, and a deep understanding and successful track record in strategy and execution in global clinical development and medical affairs," stated Kevin R. Lind, Longboard's President and Chief Executive Officer. "These attributes will be invaluable as we advance and expand our robust pipeline and continue to build a world-class team."

    Dr. Tiller currently serves as Chief Medical Officer of Neumora Therapeutics, a position she has held since Neumora acquired BlackThorn Therapeutics, where she had served as Chief Medical Officer. Prior to BlackThorn, Dr. Tiller was Head of Medical European Markets, Australia and Canada at Bristol-Myers Squibb (BMS), where she oversaw all medical functions for her territories. During her tenure at BMS, Dr. Tiller also served as Vice President of Global Medical for neuroscience, virology and immunoscience, and as Vice President, Full Development Gamma Secretase for BMS' Alzheimer's program. Previously, she held positions of increasing responsibility at Cephalon, including as Vice President, Clinical Research, CNS/Pain, where she was responsible for all clinical development activities of programs for schizophrenia, bipolar disorder, anxiety and sleep disorders. Prior to joining industry, Dr. Tiller was Clinical Director at the Maudsley Hospital, London, a Consultant Psychiatrist (attending) and honorary Senior Lecturer. Dr. Tiller received her medical degree from the Glasgow University Medical School, an M.B.A. from Drexel University, and an MPhil from the University of Pennsylvania.

    About Longboard Pharmaceuticals

    Longboard Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard is working to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). Longboard's small molecule product candidates are based on more than 20 years of GPCR research. Longboard is evaluating LP352, an oral, centrally acting 5-HT2c receptor superagonist, with negligible observed impact on 5-HT2b and 5-HT2a receptor subtypes, in development for the potential treatment of seizures associated with developmental and epileptic encephalopathies. Longboard is also evaluating LP143, a centrally acting, full CB2 receptor agonist, in development for the potential treatment of neurodegenerative diseases associated with neuroinflammation caused by microglial activation, and LP659, a centrally acting, S1P receptor subtypes 1 and 5 modulator, in development for the potential treatment of central nervous system neuroinflammatory diseases.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements include statements about Longboard's clinical and preclinical programs, ability to advance our pipeline and develop medicines, attributes, building of our team, and focus. For such statements, Longboard claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from Longboard's expectations. Factors that could cause actual results to differ materially from those stated or implied by Longboard's forward-looking statements are disclosed in Longboard's filings with the Securities and Exchange Commission (SEC). These forward-looking statements represent Longboard's judgment as of the time of this release. Longboard disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.



    Corporate Contact:
    Megan E. Knight
    Head of Investor Relations
    
    
    619.592.9775

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  3. SAN DIEGO, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced that members of its senior leadership team will participate in the following conferences:

    • Guggenheim Healthcare Talks Neuro/Immunology Virtual Conference: Hosting investor meetings Monday, November 15 – Tuesday, November 16, 2021
    • Evercore ISI 4th Annual HealthCONx Virtual Conference: Presenting in a fireside chat format on Wednesday, December 1, 2021, at 1:50 PM ET (Track 2) and hosting investor meetings Tuesday, November 30 – Thursday, December 2, 2021

    To access a live webcast of the Evercore fireside chat presentation…

    SAN DIEGO, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced that members of its senior leadership team will participate in the following conferences:

    • Guggenheim Healthcare Talks Neuro/Immunology Virtual Conference: Hosting investor meetings Monday, November 15 – Tuesday, November 16, 2021
    • Evercore ISI 4th Annual HealthCONx Virtual Conference: Presenting in a fireside chat format on Wednesday, December 1, 2021, at 1:50 PM ET (Track 2) and hosting investor meetings Tuesday, November 30 – Thursday, December 2, 2021

    To access a live webcast of the Evercore fireside chat presentation, please visit the "Events & Presentations" page within the Investors Relations section of Longboard's website at https://www.longboardpharma.com/. A replay of the presentation will be available shortly after the completion of the event and archived on the website for at least 30 days.

    About Longboard Pharmaceuticals

    Longboard Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard is working to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). Longboard's small molecule product candidates are based on more than 20 years of GPCR research. Longboard is evaluating LP352, an oral, centrally acting 5-HT2c receptor superagonist, with negligible observed impact on 5-HT2b and 5-HT2a receptor subtypes, in development for the potential treatment of seizures associated with developmental and epileptic encephalopathies. Longboard is also evaluating LP143, a centrally acting, full CB2 receptor agonist, in development for the potential treatment of neurodegenerative diseases associated with neuroinflammation caused by microglial activation, and LP659, a centrally acting, S1P receptor subtypes 1 and 5 modulator, in development for the potential treatment of central nervous system neuroinflammatory diseases.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements include statements about Longboard's participation in the upcoming conferences, clinical and preclinical programs, ability to develop medicines, and focus. For such statements, Longboard claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from Longboard's expectations. Factors that could cause actual results to differ materially from those stated or implied by Longboard's forward-looking statements are disclosed in Longboard's filings with the Securities and Exchange Commission (SEC). These forward-looking statements represent Longboard's judgment as of the time of this release. Longboard disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.



    Corporate Contact:
    Megan E. Knight
    Head of Investor Relations 
    
    
    619.592.9775

    Primary Logo

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    • Successfully completed multiple ascending dose (MAD) portion of a Phase 1 clinical trial for LP352, a potential treatment for seizures associated with a broad range of severe epilepsies

    • Initiating a Phase 1b/2a clinical trial evaluating LP352 in approximately 50 participants with developmental and epileptic encephalopathies (DEEs) in Q1 2022
    • IND-enabling preclinical studies for LP143 and LP659 ongoing
    • Continuing to strengthen key expertise and leadership

    SAN DIEGO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today provided a corporate update and reported financial results for the third…

    • Successfully completed multiple ascending dose (MAD) portion of a Phase 1 clinical trial for LP352, a potential treatment for seizures associated with a broad range of severe epilepsies



    • Initiating a Phase 1b/2a clinical trial evaluating LP352 in approximately 50 participants with developmental and epileptic encephalopathies (DEEs) in Q1 2022

    • IND-enabling preclinical studies for LP143 and LP659 ongoing

    • Continuing to strengthen key expertise and leadership

    SAN DIEGO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today provided a corporate update and reported financial results for the third quarter ended September 30, 2021.

    "This quarter we successfully completed the MAD portion of our Phase 1 clinical trial for our lead asset, LP352, and we look forward to initiating our first clinical trial in patients with severe and refractory epilepsies next quarter. We are collaborating with a world-class CRO and have commenced key activities for trial readiness and site activation. We continue to engage with thought leaders, advocacy groups and caregivers in order to prioritize enrollment optimization, and most importantly, the best outcome for patients living with these devastating diseases," stated Kevin R. Lind, Longboard's President and Chief Executive Officer. "For LP143 and LP659 we look forward to sharing additional preclinical data that support the scientific rationale for our initial areas of focus as we approach IND submissions for each program in 2022."

    Program Overview:

    • LP352, an oral, highly selective, centrally acting 5-hydroxytryptamine 2c receptor subtype (5-HT2c) superagonist, has successfully completed the SAD/MAD portions of a Phase 1 clinical trial, informing the optimal expected dose range for the next phase of development. We plan to initiate a Phase 1b/2a clinical trial in participants with DEEs, such as Dravet syndrome, Lennox-Gastaut syndrome, tuberous sclerosis complex, CDKL5 deficiency disorder, among others, in the first quarter of 2022.



    • LP143, an oral, centrally acting full agonist to the cannabinoid type 2 (CB2) receptor targeting a broad range of neurodegenerative diseases, with an initial focus in amyotrophic lateral sclerosis (ALS), is currently in Investigational New Drug (IND)-enabling studies and we anticipate submitting an IND application to the United States Food and Drug Administration (FDA) in the first quarter of 2022.



    • LP659, an oral, selective, centrally acting sphingosine-1-phosphate (S1P) receptor modulator targeting a range of central nervous system neuroinflammatory diseases, is currently in IND-enabling studies and we anticipate submitting an IND application to the FDA in the second half of 2022.

    Leadership Update:

    • In October 2021, Steven W. Spector, J.D., joined the Company as general counsel. Most recently, Mr. Spector served as part-time general counsel for several public companies, including Longboard, Dynavax Technologies and Galecto, Inc. Prior to this, he served as general counsel of Arena Pharmaceuticals, Inc. for nearly twenty years, from October 2001 to March 2020.

    Third Quarter 2021 Financial Results:

    Balance Sheet Highlights

    At September 30, 2021, Longboard's cash, cash equivalents and short-term investments were approximately $112.6 million and approximately 16.9 million shares of Longboard voting and non-voting common stock were outstanding.

    Operating Results

    Research and development (R&D) expenses were $4.1 million for the three months ended September 30, 2021 compared to $1.6 million for the three months ended September 30, 2020. R&D expenses for the three months ended September 30, 2021 included $1.3 million in preclinical and clinical trial expenses related to LP352, $1.3 million in preclinical expenses related to advancing LP143 and LP659 and $1.3 million in personnel-related expenses. R&D expenses for the three months ended September 30, 2020 included $0.3 million in preclinical and clinical trial expenses related to LP352, $0.8 million related to preclinical expenses for LP143 and LP659 and $0.5 million in personnel-related expenses.

    General and administrative (G&A) expenses were $2.3 million for the three months ended September 30, 2021 compared to $0.9 million for the three months ended September 30, 2020. G&A expenses for the three months ended September 30, 2021 included $1.0 million of personnel-related costs, $0.5 million of professional services and consulting expenses and $0.5 million of insurance expense. G&A expenses for the three months ended September 30, 2020 included $0.6 million of personnel-related costs and $0.3 million in professional services and consulting expenses.

    Net loss was $6.3 million, or $0.38 per share, for the three months ended September 30, 2021 compared to $2.6 million, or $0.66 per share, for the three months ended September 30, 2020.

    About Longboard Pharmaceuticals

    Longboard Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard is working to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). Longboard's small molecule product candidates are based on more than 20 years of GPCR research. Longboard is evaluating LP352, an oral, centrally acting 5-hydroxytryptamine 2c receptor superagonist, with negligible observed impact on 5-HT2b and 5-HT2a receptor subtypes, in development for the potential treatment of seizures associated with developmental and epileptic encephalopathies. Longboard is also evaluating LP143, a centrally acting, full cannabinoid type 2 receptor agonist, in development for the potential treatment of neurodegenerative diseases associated with neuroinflammation caused by microglial activation, and LP659, a centrally acting, sphingosine-1-phosphate receptor subtypes 1 and 5 modulator, in development for the potential treatment of central nervous system neuroinflammatory diseases.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. In some cases, you can identify forward-looking statements by words such as "expected", "potential", "plan", "anticipate", "focused on", "look forward" and "build out", and include, without limitation, statements about the following: Longboard's clinical and preclinical product candidates and programs, including clinical trial protocols (for example, clinical trial participants, indications and treatments), timing of initiation of clinical trials, data supporting the scientific rationale for our focus, regulatory applications and their submission timing, progress, and other plans; our team; and our focus. For such statements, Longboard claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from Longboard's expectations. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the following: Risks related to Longboard's limited operating history, financial position and need for additional capital; Longboard will need additional managerial and financial resources to advance all of its programs, and you and others may not agree with the manner Longboard allocates its resources; risks related to the development and commercialization of Longboard's product candidates; Longboard's product candidates are in the early phase of a lengthy research and development process, the timing, manner and outcome of research, development and regulatory review is uncertain, and Longboard's product candidates may not advance in research or development or be approved for marketing; enrolling participants in Longboard's ongoing and intended clinical trials is competitive and challenging; the duration and severity of the coronavirus disease (COVID-19) outbreak, including but not limited to the impact on Longboard's clinical trials and operations, the operations of Longboard's suppliers, partners, collaborators, and licensees, and capital markets, which in each case remains uncertain; risks related to unexpected or unfavorable new data; nonclinical and clinical data is voluminous and detailed, and regulatory agencies may interpret or weigh the importance of data differently and reach different conclusions than Longboard or others, request additional information, have additional recommendations or change their guidance or requirements before or after approval; results of clinical trials and other studies are subject to different interpretations and may not be predictive of future results; topline data may not accurately reflect the complete results of a particular study or trial; risks related to relying on licenses or collaborative arrangements; other risks related to Longboard's dependence on third parties; competition; product liability or other litigation or disagreements with others; government and third-party payor actions, including relating to reimbursement and pricing; risks related to regulatory compliance; and risks relate to Longboard's and third parties' intellectual property rights. Additional factors that could cause actual results to differ materially from those stated or implied by Longboard's forward-looking statements are disclosed in Longboard's filings with the Securities and Exchange Commission (SEC). These forward-looking statements represent Longboard's judgment as of the time of this release. Longboard disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.



    Financial Tables Follow



    LONGBOARD PHARMACEUTICALS, INC.

    CONDENSED BALANCE SHEETS

    (Unaudited)

      September 30,December 31,
    (in thousands, except share and per share data)  2021   2020 
    ASSETS    
    Current assets:    
    Cash and cash equivalents $75,461  $55,316 
    Short-term investments  37,098    
    Prepaid expenses and other current assets  2,740   46 
    Total current assets  115,299   55,362 
    Right-of-use assets  600    
    Property and equipment  16    
    Other long-term assets  33    
    Deferred financing costs     876 
    Total assets $115,948  $56,238 
    LIABILITIES AND EQUITY    
    Current liabilities:    
    Accounts payable $891  $1,213 
    Accrued research and development expenses  1,653   916 
    Accrued other expenses  231   845 
    Accrued compensation and related expenses  918   161 
    Right-of-use liabilities, current portion  328    
    Total current liabilities  4,021   3,135 
    Right-of-use liabilities, net of current portion  275    
    Commitments and contingencies (see Note 9)    
    Convertible preferred stock:    
    Series A convertible preferred stock $0.0001 par value; authorized shares - none and 5,600,000 at Sept. 30, 2021 and Dec. 31, 2020, respectively; issued and outstanding shares - none and 5,600,000 at Sept. 30, 2021 and Dec. 31, 2020, respectively; aggregate liquidation preference – none and $56,000 at Sept. 30, 2021 and Dec. 31, 2020, respectively     55,795 
    Stockholders' equity (deficit):     
    Preferred stock, $0.0001 par value; authorized shares - 10,000,000 and none at Sept. 30, 2021 and Dec. 31, 2020, respectively; issued and outstanding shares - none at Sept. 30, 2021 and Dec. 31, 2020      
    Voting common stock, $0.0001 par value; authorized shares - 300,000,000 and 10,500,000 at Sept. 30, 2021 and Dec. 31, 2020, respectively; issued and outstanding shares - 13,237,500 and 3,840,540 at Sept. 30, 2021 and Dec. 31, 2020, respectively, both excluding 348,450 shares subject to repurchase  1    
    Non-voting common stock, $0.0001 par value; authorized shares - 10,000,000 and none at Sept. 30, 2021 and Dec. 31, 2020, respectively; issued and outstanding shares - 3,629,400 and none at Sept. 30, 2021 and Dec. 31, 2020, respectively      
    Additional paid-in capital  145,099   11,708 
    Accumulated other comprehensive loss  (24)   
    Accumulated deficit  (33,424)  (14,400)
    Total stockholders' equity (deficit)  111,652   (2,692)
    Total liabilities, convertible preferred stock and stockholders' equity (deficit) $115,948  $56,238 



    LONGBOARD PHARMACEUTICALS, INC.

    CONDENSED STATEMENTS OF OPERATIONS

    (Unaudited)

     Three Months Ended September 30, Nine Months Ended Period from

    January 3, 2020 (Inception) through
    (in thousands, except share and per share data) 2021   2020  September 30, 2021 September 30, 2020
    Operating expenses:       
    Research and development$4,093  $1,603  $13,406  $2,462 
    General and administrative 2,262   947   5,639   1,829 
    Total operating expenses 6,355   2,550   19,045   4,291 
    Loss from operations (6,355)  (2,550)  (19,045)  (4,291)
    Interest income, net 23      40    
    Other expense (13)     (19)   
    Net loss$(6,345) $(2,550) $(19,024) $(4,291)
            
    Net loss per share, basic and diluted$(0.38) $(0.66) $(1.41) $(1.13)
            
    Weighted-average shares outstanding, basic and diluted 16,866,900   3,840,540   13,538,458   3,798,025 
            
    Comprehensive loss:       
    Net loss$(6,345) $(2,550) $(19,024) $(4,291)
    Unrealized gain (loss) on short-term investments, net 10      (24)   
    Comprehensive loss$(6,335) $(2,550) $(19,048) $(4,291)


    Corporate Contact:
    
    Megan E. Knight
    Head of Investor Relations 
    
    
    619.592.9775

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  4. SAN DIEGO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced Steven W. Spector, J.D., has joined the company as its General Counsel.

    "We are thrilled to have Steven formally join Longboard at this time. Steven brings tremendous operational and transactional expertise through all stages of drug development spanning from early-stage research through commercialization as well as across our therapeutic areas of focus," stated Kevin R. Lind, Longboard's President and Chief Executive Officer. "Steven has been advising us since our inception and will continue to add value as Longboard…

    SAN DIEGO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced Steven W. Spector, J.D., has joined the company as its General Counsel.

    "We are thrilled to have Steven formally join Longboard at this time. Steven brings tremendous operational and transactional expertise through all stages of drug development spanning from early-stage research through commercialization as well as across our therapeutic areas of focus," stated Kevin R. Lind, Longboard's President and Chief Executive Officer. "Steven has been advising us since our inception and will continue to add value as Longboard executes on its strategy. His passion for advancing new therapies in neurological conditions strongly aligns with our goal of making a difference for the patients and communities we seek to serve."

    Most recently, Mr. Spector has served as part-time general counsel for several publicly traded companies, including Longboard, Dynavax Technologies and Galecto, Inc. Prior to this, Mr. Spector served as general counsel of Arena Pharmaceuticals, Inc. for nearly twenty years, from October 2001 to March 2020. He is a former President and long-time board of director of the Association of Corporate Counsel, San Diego, and an Adjunct Professor at the University of San Diego School of Law. Prior to Arena, Mr. Spector was a partner with the international law firm of Morgan Lewis, where he worked from 1991 to October 2001. Mr. Spector holds a B.A. and a J.D. from the University of Pennsylvania. Mr. Spector and his family are active members in the San Diego community, including supporting the ALS Association, Sanford Burnham Prebys, and other non-profit organizations focused on finding new approaches and treatments for rare neurological conditions.

    About Longboard Pharmaceuticals

    Longboard Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard is working to advance a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). Longboard's small molecule product candidates are based on more than 20 years of GPCR research. Longboard is evaluating LP352, an oral, centrally acting 5-hydroxytryptamine 2c receptor superagonist, with negligible observed impact on 5-HT2b and 5-HT2a receptor subtypes, in development for the potential treatment of seizures associated with developmental and epileptic encephalopathies. Longboard is also evaluating LP143, a centrally acting, full cannabinoid type 2 receptor agonist, in development for the potential treatment of neurodegenerative diseases associated with neuroinflammation caused by microglial activation, and LP659, a centrally acting, sphingosine-1-phosphate receptor subtypes 1 and 5 modulator, in development for the potential treatment of central nervous system neuroinflammatory diseases.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements include statements about Longboard's clinical and preclinical programs, ability to develop medicines, focus, goal, and value. For such statements, Longboard claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from Longboard's expectations. Factors that could cause actual results to differ materially from those stated or implied by Longboard's forward-looking statements are disclosed in Longboard's filings with the Securities and Exchange Commission (SEC). These forward-looking statements represent Longboard's judgment as of the time of this release. Longboard disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.



    Corporate Contact:
    Megan E. Knight
    Head of Investor Relations 
    
    
    619.592.9775

    Primary Logo

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