Lundbeck's Alzheimer's failure takes edge off pleasing results
The upbeat mood at Danish CNS specialist Lundbeck (LUND: CO) over its impressive 2016 financial results will be countered by the market reaction to news of its failure in an Alzheimer’s program.
Lundbeck’s share price dipped by 5% in five hours trading on Wednesday to 288.40 Danish kroner as investors reacted to the news that the company had brought to a close the clinical program for idalopirdine for the treatment of Alzheimer’s disease.
"I am confident that we can deliver on our targets for the coming years"
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