Lundbeck hit hard by DAYBREAK disaster

25 October 2018

Thursday was a dark day for Danish CNS specialist Lundbeck (LUND: CO).

Nearly 27% was wiped off the market value of the company after it reported that DAYBREAK, the first Phase III study for Lu AF35700, an investigational once-daily, oral antipsychotic for treatment-resistant schizophrenia (TRS), failed to meet the primary endpoint of statistical superiority versus the current therapy.

"We will continue to advance our pipeline of innovative therapies"

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