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LB Pharmaceuticals LBRX · USD

Health Care · US listing · 🇺🇸 United States

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45.12

+7.40%

Close of 9 Nov 2026, in USD

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About LB Pharmaceuticals

From its filings with the US Securities and Exchange Commission

SEC filings

LB Pharmaceuticals is based in New York, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker LBRX. The SEC classifies its business as pharmaceutical preparations. In the fiscal year to 31 December 2025, it reported a net loss of $25.2m. At that date it held total assets of $312.9m and shareholders' equity of $301.3m.

In its own words

We are a late-stage biopharmaceutical company developing novel therapies for the treatment of a wide range of neuropsychiatric disorders including schizophrenia, bipolar depression, adjunctive treatment of major depressive disorder and other diseases. We are building a pipeline that leverages the broad therapeutic potential of our lead product candidate, LB-102, which we believe has the potential to be the first benzamide antipsychotic drug approved for neuropsychiatric disorders in the United States. LB-102 is currently in late-stage clinical development for schizophrenia and bipolar depression. We are also planning to conduct a Phase 2 clinical trial evaluating LB-102 as an adjunctive treatment in major depressive disorder, or MDD. LB-102 is a new chemical entity and a methylated derivative of amisulpride, a second-generation antipsychotic drug approved in over 50 countries, not including the United States, because the development and regulatory requirements of the U.S. Food and Drug Administration, or FDA, for amisulpride were incompatible with patent coverage on the drug. Amisulpride is a generic drug that has been extensively used in clinical practice following its initial approval in France in the 1980s, generating at least two million monthly prescriptions in 2023 in a subset of 16 continental European countries.

Quoted from its 10-K, filed 26 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Health Care
Industry
Pharmaceuticals
Listed since
11 Sept 2025
Website
lbpharma.us ↗
Head office
575 MADISON AVENUE, NEW YORK, NY, 10022
Incorporated in
DE
Classification
Pharmaceutical Preparations
Filer status
<br>Emerging growth company

Leadership

Pay as last reported

  • Mr. Scott GarlandIndependent Chairman of the Board$856,000
  • Ms. Heather TurnerChief Executive Officer, Member of our Board of Director, since 2024$4.8m
  • Mr. Zachary PrenskyCo-Founder, Director, since 2015$3.6m
  • Mr. Marc PanoffSenior Vice President - Finance
  • Mr. Richard SilvaSenior Vice President of Technical Operations
  • Dr. Anna EramoChief Medical Officer$891,050
  • Mr. Gad SofferChief Business Officer
  • Ms. Rekha HemrajaniDirector
  • Mr. William KaneDirector
  • Dr. Rajul JainIndependent Director
  • Ms. Rebecca LuseIndependent Director
  • Mr. Ran NussbaumIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • LB-102 is a Phase III-ready oral small molecule for acute schizophrenia treatment in the US market.
  • LB-102's LAI formulation improves patient compliance for schizophrenia and bipolar disorder.
  • LB Pharmaceuticals has a clinical-stage pipeline focused on neuropsychiatric diseases.

Weaknesses

  • The company is a clinical-stage biopharmaceutical firm with no approved products yet.
  • LB-102 is still in Phase III development without regulatory approval.
  • The firm has no commercialized therapies for neuropsychiatric disorders currently.

Opportunities

  • LB-102 could be the first benzamide antipsychotic approved for neuropsychiatric disorders in the US.
  • The US market offers significant potential for new schizophrenia treatments.
  • LB-102's LAI formulation addresses patient compliance issues in neuropsychiatric care.

Threats

  • Regulatory approval delays could impact LB-102's market entry timeline.
  • Competition from existing antipsychotic drugs may limit market share.
  • Clinical trial failures could halt development of LB-102 and related therapies.

Sources and methodology

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