LB Pharmaceuticals Initiates Phase 2 Trial for LB-102
LB Pharmaceuticals announced the initiation of a Phase 2 trial evaluating the efficacy and safety of LB-102 in patients with bipolar depression. LB-102, a novel, once-daily, oral investigational small molecule, is a potent and selective antagonist of D2, D3, and 5HT7 receptors that is being advanced as a potential first benzamide antipsychotic in the U.S. for the treatment of neuropsychiatric disorders. Anna Eramo, Chief Medical Officer of LB Pharmaceuticals added, "We believe LB-102's pharmacologic profile, including selective D2, D3, and 5HT7 receptor antagonism and favorable tolerability observed in prior clinical trials, aligns well with the critical unmet needs in bipolar depression. Significant opportunity exists for new therapies that can offer early onset of effect, reduced side effects such as sedation and EPS (including akathisia), and improvement in anhedonia and cognitive deficits, all of which can impact a patient's ability to function."
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Aktis Oncology Files for IPO in the U.S. Targeting $346 Million in Funding
- IPO Filing: Aktis Oncology filed for its initial public offering in the U.S. on Friday, signaling a rebound in biotech listings after a slowdown, as interest rates decline and capital inflows increase.
- Funding Background: Since its inception, Aktis Oncology has raised approximately $346 million, including a $175 million Series B funding round in 2024, reflecting institutional investors' confidence in its potential to develop treatments for various solid tumors.
- Financial Performance: For the nine months ended September 30, Aktis Oncology reported a net loss of $48.6 million, up from $31.9 million a year earlier, while revenue surged from $0.6 million to $4.6 million, indicating rising market demand.
- R&D Progress: The company's lead candidate, AKY-1189, is in early-stage studies, with preliminary data expected in the first quarter of 2027, focusing on treating multiple solid tumors, including advanced bladder cancer, breast cancer, and colorectal cancer.

LB Pharmaceuticals Appoints New CCO and Grants 195,000 Stock Options
- Executive Appointment: On December 10, 2025, LB Pharmaceuticals appointed Kaya Pai Panandiker as the new Chief Commercial Officer and granted her 195,000 stock options under Nasdaq rules, reflecting the company's commitment to enhancing its executive team to drive business growth.
- Option Details: The options have an exercise price of $21.36 per share, a ten-year term, and vest over four years with 25% vesting on the first anniversary, which will incentivize the new executive to play a crucial role in the company's long-term development.
- Product Development Progress: LB-102, an oral small molecule ready for Phase 3 trials, has demonstrated significant efficacy and safety in Phase 2 trials, expected to provide new treatment options for schizophrenia and bipolar depression, further solidifying the company's market position.
- Market Potential: The successful approval of LB-102 could establish it as a mainstay in psychiatric treatment in the U.S., offering a more attractive alternative to existing branded and generic therapies, thereby driving LB Pharmaceuticals' long-term growth in the neuropsychiatric disease sector.









