Nordic Nanovector CEO to quit

5 April 2018

Nordic Nanovector (OSE: NANO) saw its share plunge 9.66% to 4.21 euros as markets opened this mornings, after the Norway-based biotech firm revealed that its chief executive, Luigi Costa, will step down from the post by mutual agreement with the board of directors.

However, in later Oslo trading the stock moved up 11.80% to 46,22 Norwegian kroner.

A search for a new CEO will begin immediately. To ensure a smooth transition, Mr Costa has agreed to be available to the board until the end of July 2018.

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