Lundbeck's Vyepti Launch In US Disappoints In First Half

But 2020 EBIT Guidance Revised Upwards

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 being significantly impacted by a lower number of medical procedures due to COVID-19, we remain very confident with Vyepti’s ability to deliver on its promise based on how it has benefited patients,” said CEO Deborah Dunsire

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Earnings

More from Business

Azafaros Banks Over €130m To Advance Nizubaglustat Into Phase III

 
• By 

The therapy has been developed for GM1 and GM2 gangliosidoses and Niemann-Pick disease type C.

Roche Reveals Another US Manufacturing Site As Tariff Pressures Seem To Ease

 
• By 

Roche/Genentech unveiled plans for a $700m-plus manufacturing facility for weight loss drugs in North Carolina as President Trump signaled such investments could mean no tariffs for pharma.

Trump’s MFN Executive Order More Rhetoric Than Action

 

The details of Trump’s latest executive order on drug pricing are vague and the president put more blame on other countries and pharma distributors than drug companies.