Lundbeck Buys 4.6% Stake in Biotie

On Friday, Lundbeck announced that they are investing 10 million euros to buy a stake in Biotie Therapies Corp, Lundbeck’s partner on the investigational alcohol dependence drug Selincro. The investment signifies 4.6% of Biotie’s total equity capital, and a 25% premium to the Finnish biotech’s share price on September 6.  In association with the agreement,

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600 Lundbeck Jobs to be cut in Europe

Lundbeck announced yesterday that they are axing roughly 600 employees in Europe from their sales teams as a result of the harsh environment and generic competition to their top antidepressant Cipralex/Lexapro. The Danish organisation declared that the reorganisation is required because they need to establish “a more flexible commercial infrastructure with respect to detailing to

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