Lundbeck CEO says Alzheimer's drug could be U.S. blockbuster

COPENHAGEN, March 26 Tue Mar 26, 2013 8:51am EDT

Related Topics

COPENHAGEN, March 26 (Reuters) - Danish pharmaceutical group Lundbeck said its Alzheimer's treatment Lu AE58054 had the potential to become a blockbuster and generate over $1 billion per year in the United States.

Lundbeck announced a deal earlier on Tuesday granting Japan's Otsuka the rights to joint development and commercialization of the drug, and Chief Executive Ulf Wiinberg said he also saw potential for more such deals.

"Lu AE58054 is the first one that we do, but potentially there can be two more," Wiinberg said. (Reporting by Stine Jacobsen)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article