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German biotech firm Evotec on Monday said it had immediately reported trades in its shares by its former CEO as soon as it was informed of the transactions that he had kept under wraps for up to three years. "Evotec has acted always in compliance with the statutory regulations and our own very strict compliance code," supervisory board Chair Iris Loew Friedrich said in an analyst call. Evotec, which works in drug development with partners including Novo Nordisk, Bayer and Bristol-Myers Squibb, said on Jan. 3 that CEO Werner Lanthaler would resign for personal reasons after almost 15 years with the company.
FRANKFURT (Reuters) -German biotech firm Evotec on Monday said it had immediately reported trades in its shares by its former CEO as soon as it was informed of the transactions that he had kept under wraps for up to three years. "Evotec has acted always in compliance with the statutory regulations and our own very strict compliance code," supervisory board Chair Iris Loew Friedrich said in an analyst call. Evotec, which works in drug development with partners including Novo Nordisk, Bayer and Bristol-Myers Squibb , said on Jan. 3 that CEO Werner Lanthaler would resign for personal reasons after almost 15 years with the company.