Continued solid growth of 36% in New Products - now contributing 27% of revenue


  • New Products on track and reached DKK 1,901 million in revenue driven by Abilify Maintena®, Onfi®, Treanda® and the recent launch of Brintellix®
     
  • US revenue was DKK 1,626 million, an increase of 42% in local currency. Onfi, Sabril® and Xenazine® continue their solid momentum, increasing 93%, 32% and 17% respectively in local currency and together with the launch uptake from Brintellix and Abilify Maintena all contributing to the strong growth in the US 
     
  • Revenue from International Markets increased 10% in local currency, largely driven by markets such as Canada and China
     
  • Brintellix demonstrated a good volume uptake and has reached more than 120,000 prescriptions since the US launch in January 2014
     
  • The market access for Abilify Maintena in Europe is going well and the product has now been launched in Germany, UK and the Nordic countries
     
  • Lundbeck has strengthened its very successful US neurology franchise by the inclusion of NortheraTM approved for neurogenic orthostatic hypotension
     
  • Significant new data strengthening the clinical profile on Brintellix. A third study on cognition was presented at the International College of Neuropsychopharmacology (CINP) World Congress, showing that Brintellix has a statistically significant improvement in the cognitive performance assessed by DSST versus placebo
     
  • The US regulatory approval process for brexpiprazole for the treatment of schizophrenia, and as adjunctive therapy for the treatment of major depression, has been initiated
     
  • The first of two phase III clinical studies (DIAS-3) in patients with acute ischaemic stroke did not meet the primary endpoint. However, when analyzing only the patients fulfilling protocol requirements desmoteplase showed an effect relative to placebo
     
  • The financial guidance for 2014 is maintained

In connection with the interim report, Lundbeck’s President and CEO Ulf Wiinberg said:  

“The first half of 2014 has shown good progress for Lundbeck, from a strategic, commercial and development point of view.  We have reinforced our strategic position as a global player within brain diseases with the recent acquisition of Northera and the regulatory submission of brexpiprazole in the US. We are encouraged by the early launch uptake from our new products and look forward to the second half of 2014 where we will launch Northera in the US and Brintellix, Abilify Maintena and Selincro in some of our major markets.”

 

DKK million H1 2014 H1 2013 Growth
Core Revenue* 7,035 7,374 (5%)
Core EBIT* 1,168 1,487 (21%)
Core EPS* 3.55 5.75 (38%)
Core EBIT margin 17% 20%  
Reported Revenue 7,035 8,112 (13%)
Reported EBIT 843 1,020 (17%)
Reported EPS 2.42 2.88 (16%)
Reported EBIT margin 12% 13%  

Attachments

Lundbeck_Q22014_Corporate_Release_No 539.pdf