Morningstar - H. Lundbeck A/S (LUN) Lundbecks Solid 3Q Results in Line with Our Expectations; Maintaining DKK 290 FVE

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Morningstar

Karen Andersen

EUR 100.00 For Business Accounts Only

Lundbeck's Solid 3Q Results in Line with Our Expectations; Maintaining DKK 290 FVE

We do not anticipate a material change to our fair value estimate for Lundbeck following third-quarter results. The firm reported over DKK 4.6 billion in third-quarter revenue, a 6.6% increase from last year, with solid sales throughout its portfolio of CNS drugs. Abilify Maintena for various mental disorders and Brintellix for depression continued to post growth in the double-digits and gains in patient share, while Cipralex/Lexapro for depression has done better than we had expected, largely d...

07/11/2018 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

Karen Andersen

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Lundbeck's Solid 3Q Results in Line with Our Expectations; Maintaining DKK 290 FVE

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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