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ALDER BIOPHARMACEUTICALS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Aug 6, 2019. Its latest SEC filing is a SC 13G/A from Feb 13, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops antibody medicines for migraine prevention for physicians and patients, led by eptinezumab, and is developing another migraine-treatment candidate.

Who Were Their Customers?

Headache specialists were Alder's planned U.S. market for eptinezumab, which it intended to commercialize itself if approved; it was reviewing partnerships for markets outside the United States. Alder also licensed clazakizumab rights to Vitaeris.

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Jun 30, 2019
Revenue
vs $0 in Q2 FY2018
Net income
▼ −15% (Loss)
vs −$68.4M in Q2 FY2018
  • Oct 22, 2019 Lundbeck completed its merger with Alder and acquired control. Alder said its shares would no longer be listed on Nasdaq.
  • Sep 16, 2019 Alder agreed to a Lundbeck tender offer and merger. The offer included cash per share and a contingent value right tied to a milestone payment.

Clazakizumab rights The older report said Alder was seeking strategic alternatives for clazakizumab; the latest report says Alder had licensed its exclusive worldwide rights to Vitaeris.

Pipeline focus The older report highlighted a candidate for adrenal hyperplasia and Cushing’s disease; the latest report describes a preclinical candidate for migraine alongside eptinezumab.

Who Did They Compete With?

Competes with Amgen, Lilly, Teva, Wyeth, Johnson & Johnson, Allergan, and Biohaven

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