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Lundbeck's Vyepti Launch In US Disappoints In First Half

But 2020 EBIT Guidance Revised Upwards

 
• By John Davis

The coronavirus pandemic held back sales of Lundbeck’s newest product, Vyepti, in the US during the first half, but the company spent less than expected on SG&A because of COVID-19, and increased investments in marketing infrastructure and restructuring R&D. 

Copenhagen
Copenhagen, Where Lundbeck Is Headquartered • Source: Shutterstock

Sales of H. Lundbeck A/S's new migraine prevention therapy, Vyepti (eptinezumab-jjmr), launched in the US in April, were significantly impacted by the COVID-19 pandemic, achieving revenues of only DKK14m ($2.2m) in the first half. But sales of its top four products drove the company’s total revenues up by 5% , with the CNS-focused Danish firm raising its earnings guidance for the year.

It was always going to be a challenge to launch a new product during the pandemic, and so it turned out, although Lundbeck is confident about Vyepti’s future promise: “Despite...

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