April 13, 2017 / 8:42 PM / 4 months ago

BRIEF-Innoviva to review of its cost and executive compensation structures

April 13 (Reuters) - Innoviva Inc:

* Innoviva to undertake comprehensive review of its cost and executive compensation structures

* Says expect review to result in meaningful savings in our core operating costs that will benefit our financial performance

* Innoviva Inc- board expects to provide shareholders with detailed outcomes of review in Q3 of 2017

* Innoviva Inc says review will be conducted expeditiously and will be led by a special committee of independent directors

* Says as result of recent conversations with shareholders, board determined to undertake fresh, comprehensive review of all costs

* Innoviva Inc - urges shareholders to vote on white proxy card in favor of current board of directors Source text for Eikon: Further company coverage:

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