Lundbeck chair hits exit

H. Lundbeck's chairman excised himself from the company picture on Friday. Previously, Flemming Lindeløv had said he'd leave after the company's annual meeting in April, but he decided to leave early "to restore some calm." Perhaps in parting insult, Lundbeck shares rose on the news.

Lundbeck is squeezed on all sides--two of its in-development drugs failed late-stage trials this year, its patent on the top-selling antidepressant Lexapro expires in 2012, and it has yet to find a replacement drug. The company's plans to ramp up U.S. sales with a domestic sales force had to be postponed as well. Lindeløv will be replaced by board member Per Wold-Olsen, named previously as the chairman's successor.

- see this release
- read the AFX report

Free Webinar

From Patient Adherence to Manufacturing Ease - Why Softgels Make Sense for Rx

THIS WEEK: Join Thermo Fisher Scientific’s upcoming webinar to learn why softgels offer numerous benefits for Rx drug development, including enhanced bioavailability, patient compliance and easy scale-up. Register Today!

Suggested Articles

The new Community trial will first test Amgen's Otezla, Takeda's Takhzyro and UCB's zilucoplan in hospitalized patients.

Indivior faces a new lawsuit from RB, its former parent company, over a scheme to market opioid addiction therapy Suboxone Film.

A new FDA effort brings cancer drug labels to life in videotaped panels with experts, debuting its first episode on Seagen's MBC med Tukysa.