Lundbeck CEO steps down

H. Lundbeck A/S (CSE:LUN) CEO Ulf Wiinberg resigned after failing to disclose that he received 55 shares of Stratified Medical Ltd. (London, U.K.) from the company's founder in 2013. Lundbeck later invested DKK19 million ($3.2 million) in the company.

"Ulf Wiinberg has not only acknowledged but also apologized for his erroneous actions, but this does not change the fact that Lundbeck has a clear and unmistakable Code of Conduct for all employees," Lundbeck Chairman Hakan Bjorklund said in a statement. ...