Revamped Lundbeck Ups Outlook Amid Strong Brintellix and Rexulti Sales
The rebounding Danish CNS specialist raised its 2016 revenue and profit forecasts as it continued to benefit from an ongoing structuring and buoyant sales in the US market, notably for its drugs Brintellix and Rexulti.
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Kåre Schultz, the new CEO at H. Lundbeck A/S, has wasted little time in making big decisions. Just three months after taking up the top job at the Danish pharma firm, following a dramatic exit from larger cross-town rival Novo Nordisk, he has announced that Lundbeck's previous restructuring attempts in Europe have not gone far enough. Lundbeck is going to focus on five key products, close early stage R&D programs, and cut 1,000 jobs.
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