H. Lundbeck announces that its U.S. subsidiary Lundbeck LLC has reached an agreement in principle to resolve the U.S. Department of Justice (DOJ) investigation related to Lundbeck LLC’s relationship with and donations to independent patient assistance charitable foundations.
As part of the agreement, Lundbeck LLC will pay DOJ USD 52.6 million (approximately DKK 336 million). This charge will be recognized as Other operating items, net in the second quarter of 2018 which will be announced on 8 August 2018.
Lundbeck LLC is pleased to have reached an agreement that will allow the company to put this matter behind it, it states in the press release.
The final terms of agreement are subject to further negotiation with DOJ.
Photo of Anders Götzsche, Interim CEO and Executive Vice President, CFO, Lundbeck