By Kelly Cloonan
LB Pharmaceuticals has filed for an initial public offering.
The clinical-stage biopharmaceutical company said it intends to apply to have its units listed on the Nasdaq Global Market under the ticker LBRX, according to a filing with the Securities and Exchange Commission on Friday.
The company didn't disclose the expected price or size of the offering.
LB Pharmaceuticals has also granted underwriters a 30-day option to purchase additional units to cover over-allotments. Leerink Partners, Piper Sandler and Stifel are listed as the offering's underwriters.
The company intends to use the proceeds from the offering to advance the clinical development of its treatments for acute schizophrenia and bipolar depression.
The company recorded a loss of $63.1 million, or $6.20 a share, in 2024, compared to a loss of $6.3 million, or 78 cents a share, in the prior year. It has no product candidates approved for commercial sale and hasn't generated any revenue from the sale of products.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
August 22, 2025 17:28 ET (21:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.