Bloomberg News

Lundbeck to Cut 600 Sales Jobs in Europe on Drug Lineup

June 14, 2012

H. Lundbeck A/S (LUN), the Nordic region’s second-largest drugmaker, said it’s eliminating 600 sales jobs in Europe as it prepares new products that will lead to a change in its lineup.

Reorganization costs may total as much as 500 million kroner ($85 million) this year, the Copenhagen-based company said in a statement today. The job cuts will affect sales personnel who work with general practitioners, said Mads Kronborg, a spokesman.

Lundbeck expects European approval of its alcoholism treatment nalmefene by the end of 2012. It’s also planning to submit a new antidepressant, known as LU AA21004, for regulatory clearance in the U.S. and Europe later this year.

To contact the reporter on this story: Makiko Kitamura in London at mkitamura1@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net


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