Morningstar - H. Lundbeck A/S (LUN) Lundbecks CEO Pain Is Tevas Gain; No Change to Our Fair Value Estimates

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Morningstar

Kelsey Tsai

EUR 101.80 For Business Accounts Only

Lundbeck's CEO Pain Is Teva's Gain; No Change to Our Fair Value Estimates

Teva and Lundbeckâ€™s announcement that Kare Schultz, previously CEO at Lundbeck and COO at Novo Nordisk, will take over as Tevaâ€™s new CEO is encouraging news for Teva but troubling for Lundbeck. We do not expect changes to our moat ratings or fair value estimates for either company. Details on the official timing of the management transition are still forthcoming.
We find the departure of Schultz concerning for Lundbeck, as the companyâ€™s turnaround success can largely be attributed to Schultzâ€™s a...

11/09/2017 14 EN

Underlying

H. Lundbeck A/S

H. Lundbeck develops, produces and markets drugs for treating diseases of the central nervous system. Products include antidepressants for the treatment of depression, panic disorder, and prevention of relapse/recurrence. Antipsychotic products for psychotic disorders; schizophrenia, anxiety, restlessness and insomnia; treatment of psychotic disorders; acute psychotic episodes, exacerbation of psychotic disorders. Co.'s products inclue Cipralex®/Lexapro® for the treatment of depression and anxiety; Ebixa® for the treatment of Alzheimer's disease; Azilect® for the treatment of Parkinson's disease; Xenazine®, Sabril®, Saphris® Sycrest®, Onfi, and other.

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DK0010287234 Nasdaq Nordic Copenhagen Denmark

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Kelsey Tsai

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Lundbeck's CEO Pain Is Teva's Gain; No Change to Our Fair Value Estimates

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

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

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

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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