Sales potential for Lundbeck's new drug upgraded  

2004.06.09
The pharmaceutical company's new drug Bifeprunox for the treatment of Schizophrenia has greater sales potential than previously estimated

According to Børsen, pharmaceutical company Lundbeck's new drug Bifeprunox for the treatment of Schizophrenia has much greater sales potential than previously estimated. Bifeprunox was originally created by the Belgian chemical and pharmaceutical concern Solvay. Together with its new cooperation partner Wyeth, Solvay has now reassessed the drug's revenue potential.

 

For the US market, annual revenue potential is estimated to be around DKK 6 billion (USD 960 million), while revenues in Europe are estimated to reach almost DKK 2 billion (USD 320 million). Lundbeck has the sales rights worldwide apart from the US, Mexico and Japan, while Solvay will receive licence earnings from sales. Lundbeck plans to launch Bifeprunox in 2007.

 

Headquartered in Copenhagen, Lundbeck is in engaged in R&D, production, marketing and sales of drugs for the treatment of psychiatric and neurological disorders. The company, which employs over 5,000 people, generated revenues of DKK 9.9 billion (USD 1.6 billion) in 2003. The news is reported by financial newspaper Børsen online.

 

Link > Lundbeck 

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