LB Pharmaceuticals Files for IPO

Dow Jones
Aug 23
 

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.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10