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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Lundbeck’s STARSHINE Fades As Idalopirdine Fails First Phase III Alzheimer’s Test
Lundbeck’s 5-HT6 antagonist idalopirdine failed its first Phase III test, but as Axovant awaits data from its Phase III study for a competing Alzheimer’s therapy, it’s still unclear whether the entire drug class is doomed to the same fate.
Lundbeck Restructures Around 5 Key Products; 1,000 Jobs To Go
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.
Anjarium To Pioneer Next-Generation Non-Viral Gene Therapies
Emerging Company Profile: Switzerland-based Anjarium Biosciences AG has successfully raised $61m in a series A financing that will fund expansion of its novel proprietary platform and development of a nascent pipeline of non-viral gene therapies.