Lundbeck appoints new vice president of business development

Lundbeck has appointed Jacob Tolstrup as new vice president with responsibility for the company’s business development. Along with his new appointment, Jacob Tolstrup will join the corporate management group, reporting directly to Lundbeck CEO Ulf Wiinberg.

H. Lundbeck A/S (Lundbeck) has appointed Jacob Tolstrup as new vice president with responsibility for business development. In his new position, Tolstrup will spearhead the development and strengthening of Lundbeck’s current and future partnerships. He will also be responsible for exploring new growth opportunities for Lundbeck in the form of inbound licensing of new drugs and potential acquisitions.

Jacob Tolstrup comes from a position as vice president of finance and administration at Lundbeck’s American subsidiary, Lundbeck US. Prior to that position, he had overall responsibility for Lundbeck’s investor relations and corporate communications as vice president for corporate reporting, based in Lundbeck’s headquarters in Valby.

Jacob Tolstrup has thus held several management positions in his more than 10 years at Lundbeck, and has been directly involved in the company’s business development in a number of these positions. This has also been the case in his most recent posting, where he has worked to develop Lundbeck’s activities on the important U.S. market.

As vice president of business development, Jacob Tolstrup will play a key role in the realization of Lundbeck’s overall strategy and vision. He will lead global efforts to execute Lundbeck’s strategic goal of maximizing existing partnerships and identifying and pursuing business development opportunities that can provide the basis for long-term growth.

“Jacob has delivered strong results in a very professional manner for several years in various positions,” says Lundbeck CEO Ulf Wiinberg. “He also has significant experience in business development from the U.S. market, which is of increasing strategic importance to us. We are pleased to be able to recruit such a strong person internally to lead the important work of our on-going business development.”