Ex-Bax­al­ta CEO Lud­wig Hantson gets the top job at a trou­bled Alex­ion

So Lud­wig Hantson will get his chance to run a biotech com­pa­ny af­ter all.

A lit­tle less than nine months af­ter Shire closed on its deal to buy Bax­al­ta, a new spin­out out of Bax­ter, for $32 bil­lion, the for­mer CEO at Bax­al­ta now has the top job at Alex­ion.

Hantson had run Bax­ter Bio­Science be­fore they gave him the reins at Bax­al­ta, giv­ing him a run at op­er­at­ing a $6 bil­lion group re­spon­si­ble for launch­ing 13 prod­ucts. Shire, though, leaped on the buy­out short­ly af­ter it was spun out. Now he’ll be step­ping in­to a va­can­cy cre­at­ed by a mar­ket­ing scan­dal that took down both the CEO and the CFO, who were en­tan­gled in a scheme to push ear­ly sales of Soliris in or­der to meet Wall Street’s rev­enue ex­pec­ta­tions.

Endpoints News

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.