LUN H. Lundbeck A/S

Lundbeck to Present Data on Movement Disorder and Epilepsy Therapies at AAN Annual Meeting

Lundbeck announced today that it will present 12 abstracts at the 2017 American Academy of Neurology (AAN) Annual Meeting in Boston, Massachusetts, on April 22-28, 2017. Two of these abstracts have been accepted for oral platform presentation at the meeting.

“Lundbeck has a proud legacy in brain disorder research and drug development that spans more than 70 years. Despite the complexities associated with CNS research, we continue to persevere because we know that the need is great,” said Krai-rith Chatamra, PhD, Medical Affairs Head of Neurology US. “The data we are presenting at AAN this year are a testament to our endless dedication to the people who are living with challenging brain disorders – including those with rare conditions that often go under-recognized.”

Lundbeck data to be presented at AAN include the following highlights:

Neurogenic Orthostatic Hypotension (nOH)

Impact of Neurogenic Orthostatic Hypotension (nOH) on Healthcare Costs in Patients with Parkinson’s Disease (Oral 003)

  • Location/Date: Oral Platform Presentation Session S11 – Autonomic Disorders: Synucleinopathies, Monday, April 24 at ~1:24 p.m.

Analysis of Neurogenic Orthostatic Hypotension (nOH) treatment in Patients with Parkinson’s Disease (Poster 321)

  • Location/Date: Poster Presentation – Poster Session 5, Thursday, April 27, 8:30 AM - 7:00 PM

Epilepsy

Anti-Epileptic Drug Seven-Year Registry Data (Oral 004)

  • Location/Date: Oral Platform Presentation Session S55 – Epilepsy & Clinical Neurophysiology (EEG) III, Friday, April 28 at ~4:06 pm

Development and Validation of the Refractory Epilepsy Screening Tool for Lennox-Gastaut Syndrome (REST-LGS): Improving Detection of LGS (Poster 240)

  • Location/Date: Poster Presentation, Poster Session 4, Wednesday, April 26, 8:30AM - 7:00 PM

Follow @LundbeckUS on Twitter throughout the meeting for updates, reminders and news regarding data presentations, as well as other professional and patient-focused initiatives.

About Lundbeck

Lundbeck is a global pharmaceutical company specialized in psychiatric and neurological disorders. For more than 70 years, we have been at the forefront of research within neuroscience. Our key areas of research focus are depression, schizophrenia, Parkinson's disease and Alzheimer's disease.

An estimated 700 million people worldwide are living with psychiatric and neurological disorders and far too many suffer due to inadequate treatment, discrimination, a reduced number of working days, early retirement and other unnecessary consequences. Every day, we strive for improved treatment and a better life for people living with psychiatric and neurological disorders — we call this Progress in Mind.

Our approximately 5,000 employees in 55 countries are engaged in the entire value chain throughout research, development, manufacturing, marketing and sales. Our pipeline consists of several late-stage development programs and our products are available in more than 100 countries. We have production facilities in Denmark, France and Italy. Lundbeck generated revenue of DKK 15.6 billion in 2016 (EUR 2.1 billion; USD 2.2 billion).

In the U.S., Lundbeck employs nearly 1,000 people focused solely on accelerating therapies for brain disorders. With a special commitment to the lives of patients, families and caregivers, Lundbeck U.S. actively engages in hundreds of initiatives each year that support our patient communities. For additional information, we encourage you to visit our corporate site at www.lundbeckus.com and connect with us on Twitter at @LundbeckUS.

UBR-C-00175

EN
18/04/2017

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Reports on H. Lundbeck A/S

Rune Majlund Dahl
  • Rune Majlund Dahl

Lundbeck (Buy, TP: DKK48.00) - Focus on Vyepti sales

We forecast Q1 sales c0.5% above consensus and an adj. EBITDA margin of 31.3%. We expect the strategic brands sales to rise by 18.3% YOY, including Vyepti sales of DKK913m (c2.2% above consensus). We forecast unchanged 2025 guidance for CER figures. From the pipeline, the FDA AdCom for Rexulti in PTSD is still unscheduled and the PROCEED trial has recently been expanded to additional IV doses. We reiterate our BUY, but have cut our target price to 48 (56).

Rune Majlund Dahl
  • Rune Majlund Dahl

Lundbeck (Buy, TP: DKK56.00) - PTSD decision getting closer

Lundbeck reached the high-end of its full-year guidance, with Q4 sales of DKK5,541m and an adj. EBITDA margin of 20.8%. Strategic brands’ Q4 sales were slightly below our forecast and consensus, with only Brintellix beating our estimate. The 2025 guidance is for sales growth of 7–10% at constant exchange rates (CER) and adj. EBITDA growth of 5–11% at CER. We view the upcoming Rexulti PTSD FDA Advisory Committee Meeting (due in H1) as the next share-price catalyst. We reiterate our BUY and DKK56 ...

Rune Majlund Dahl
  • Rune Majlund Dahl

Lundbeck (Buy, TP: DKK56.00) - Solid Q4e; PTSD decision ahead

We forecast Q4 sales of DKK5,631m (consensus DKK5,629m) and adj. EBITDA of DKK1,155m (consensus DKK1,147m). For strategic brands, we estimate sales of DKK4,493m (c1.1% above consensus). We expect 2025 guidance for growth of CER sales of 3–6% and adj. EBITDA of 3–7%. We believe investor focus will be on the upcoming Rexulti PTSD FDA Advisory Committee Meeting (ADCOM), due in H1. We reiterate our BUY and DKK56 target price.

Rune Majlund Dahl
  • Rune Majlund Dahl

Lundbeck (Buy, TP: DKK56.00) - Focusing on strategic brands

The Q3 sales beat reflected a strong result in strategic brands, leading to an outperformance on adj. EBITDA. We expect continued momentum in strategic brands, with Q4e sales growth of 17.4% YOY. The 2024 guidance was narrowed for CER revenue growth of 12–14% (previously 11–14%) and CER adj. EBITDA growth of 17–20% (15–20%) and we find the top end of the guidance reachable. We reiterate our BUY and DKK56 target price.

Rune Majlund Dahl
  • Rune Majlund Dahl

Lundbeck (Buy, TP: DKK56.00) - Strategic brands in focus

Lundbeck recently released company consensus for Q3. Our revenue forecast of DKK5,502m is c0.5% above, driven by strategic brands (we estimate 21.6% revenue growth YOY), and we forecast an adj. EBITDA margin of 29.4% (consensus 28.9%). We expect the 2024 guidance for 11–14% revenue growth and 15–20% adj. EBITDA growth at CER to be unchanged. We reiterate our BUY and DKK56 target price.

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