Sector News

Lundbeck may buy GSK drugs to complement portfolio: Sydbank

October 15, 2014
Life sciences
(Reuters) – Danish pharmaceutical group Lundbeck (LUN.CO) is one of the potential bidders for some of the older products worth in total $3 billion that British GlaxoSmithKline (GSK.L) is looking to divest, according to sources.
Lundbeck is reviewing a bid for products marketed in North America as it seeks to expand there, two sources told Reuters.
Shares in Lundbeck are traded 2.1 percent higher on Wednesday at 1045 GMT (0645 EDT) outperforming a 0.6 percent fall in the Danish benchmark index .OMXC20CAP.
Analysts made the following comments:
“Lundbeck could be looking at drugs that could complement its existing drug portfolio. We have seen that before, for example when the company bought Chelsea Therapeutics International, whose neurodrug Northera had just been approved in the United States.
“The patents expire on some of Lundbeck’s most significant products these years. The company has some of its own developed products as Selincro and Brintellix, and with the Japanese partner Otsuka it has Abilify Maintena. But it takes time to penetrate the market for these drugs, so I think Lundbeck is also looking for alternatives which can complement the existing pipeline, and where it makes sense for their salesmen also to have these drugs with them, when they visit customers”.
“Lundbeck has built a decent business in North America on drugs for some relatively rare diseases and they are still building on that what with Abilify Maintena and Brintellix”.
“There’s a giant potential on the U.S. market. It makes sense to use the existing sales force to take on a few more drugs. So it will probably be some drugs that complements some of Lundbeck’s existing drugs.”
(Reporting by Teis Jensen; editing by Sabina Zawadzki)

Related News

September 18, 2020

Eli Lilly, Amgen join forces to scale production of COVID-19 antibody cocktails

Life sciences

Months of fervid research have whittled away most potential options to treat patients with COVID-19, a group of antibody cocktails still hold promise. Eli Lilly believes so strongly in its contender that it’s […]

September 16, 2020

Takeda unveils new Boston R&D manufacturing center for cell therapy pipeline push

Life sciences

Japanese drugmaker Takeda has trumpeted its plan in recent years to cut billions of dollars in costs and pivot around oncology and rare diseases. A key part of that strategy […]

September 15, 2020

AstraZeneca, Oxford restart stalled COVID-19 test as Pfizer ramps up trial numbers for its vaccine

Life sciences

Just under a week after it stopped its key phase 3 pandemic vaccine test, AstraZeneca and the University of Oxford have been given the green light to restart in the […]