H. Lundbeck A/S (Lundbeck) announced today that the U.S. Federal District Court
has ruled in favour of Lundbeck and found no violation of the antitrust laws in
the company's acquisition of NeoProfen(®) (ibuprofen lysine) Injection
(10mg/mL), a drug used in premature infants with patent ductus arteriosus (PDA),
a condition in which a blood vessel in the heart fails to close after birth.
Lundbeck welcomes the Court's ruling today finding that the company's purchase
of the rights to develop NeoProfen(®) did not violate Clayton Act Section 7 or
Federal Trade Commission Act Section 5. In ruling for Lundbeck, the Court found
the acquisition did not reduce competition in any market for the treatment of
PDA.
In December 2008, the FTC and State of Minnesota filed a complaint against
Ovation Pharmaceuticals, Inc. (Ovation) in the Federal District Court of
Minnesota challenging the company on its market position with the only two
commercial drugs for the treatment of a congenital heart defect in premature
infants - Indocin(®) (indomethacin for injection) and NeoProfen(®).
In March 2009, Lundbeck acquired Ovation (now Lundbeck Inc.). Lundbeck was aware
of the complaint at the time of the acquisition. The rights to market
NeoProfen(®) were acquired by Ovation in January 2006 from Abbott Laboratories
and transferred to Lundbeck following its acquisition of Ovation.
Approximately 30,000 infants in the United States are treated pharmacologically
each year for PDA, a serious or even deadly condition.
Lundbeck remains committed to sustaining complex medications for small
populations with serious and often rare conditions for which a few, if any,
alternatives exist, in addition to having an extensive development pipeline of
central nervous system drugs and newly launched therapies to address unmet
medical needs.
Lundbeck contacts
Investors: Media:
Jacob Tolstrup Mads Kronborg
Vice President, Corporate Relations Media Relations Manager
+45 36 43 30 79 +45 36 43 28 51
Palle Holm Olesen Stine Hove Marsling
Chief Specialist; Investor Relations External Communication Specialist
+45 36 43 24 26 +45 36 43 28 33
Magnus Thorstholm Jensen
Investor Relations Officer
+45 36 43 38 16
About Lundbeck
H. Lundbeck A/S (LUN.CO, LUN DC, HLUKY) is an international pharmaceutical
company highly committed to improve the quality of life for people suffering
from central nervous system (CNS) disorders. For this purpose Lundbeck is
engaged in the research and development, production, marketing and sale of
pharmaceuticals across the world, targeted at disorders like depression and
anxiety, schizophrenia, insomnia, Huntington's, Alzheimer's and Parkinson's
diseases.
Lundbeck was founded in 1915 by Hans Lundbeck in Copenhagen, Denmark, and
employs today approximately 5,900 people worldwide. Lundbeck is one of the
world's leading pharmaceutical companies working with CNS disorders. In 2009,
the company's revenue was DKK 13.7 billion (approximately EUR 1.8 billion or USD
2.6 billion). For more information, please visit www.lundbeck.com.
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