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Lundbeck ups guidance, shifts jobs in restructure

This article was originally published in Scrip

Executive Summary

Lundbeck has upped its financial guidance for 2013 and given details of its rationalization program, which will hit 180-200 jobs as the firm restructures European business services and sets up a dedicated center in Poland. The company's 'Fit for the Future' program, which will run from 2013-2015, is expected to deliver an annual benefit of at least DKK500m ($90m) from 2016.

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