Lundbeck beats expectations, despite Lexapro slump

7 November 2012

Danish CNS drug specialist Lundbeck (LUND: DC) this morning reported third-quarter 2012 financial results, showing that revenue came in at 3.56 billion Danish kroner ($611.4 million), an increase of 2% excluding its former best selling drug Lexapro (escitalopram), whose patent expired in the USA in March. US sales of Lexapro fell to 54 million kroner from 498 million kroner. Lundbeck’s shares rose 5.8% to 102 kroner in morning trading.

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