Nordic Nanovector ASA has announced that Luigi Costa will step down as chief executive officer by mutual agreement with the board following a further delay in the development of its key product Betalutin. A search for a new CEO will begin immediately. Nordic Nanovector said that to ensure a smooth transition, Costa had agreed to be available to the board until the end of July 2018. Luigi Costa said: “Nordic Nanovector has recently taken a significant hit to its market valuation and credibility with the Norwegian investment community. As CEO, I have to take full responsibility for this."
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