Investor ConcernsInvestor concerns may have driven the deal to consummate earlier than expected, due to a lack of material value-creating catalysts for Longboard Pharmaceuticals over the next 12-18 months.
Revenue EstimatesUpdated revenue estimates reflect Lundbeck's guidance, which calls for estimated global peak sales between $1.5B-$2.0B, lower than the prior estimate of $2.6B.
Stock RatingThe stock rating for Longboard Pharmaceuticals has been downgraded to Neutral.