January 18, 2017 / 8:18 PM / a year ago

BRIEF-venBio sends letter to Immunomedics stockholders

Jan 18 (Reuters) - venBio Select Advisor LLC:

* venBio sends letter to Immunomedics stockholders

* Beneficial owner of about 10.5 million shares, or 9.9%, of Immunomedics Inc and its largest stockholder

* Have proposed slate of four nominees to Immunomedics ’ management in specific areas needed to effect change at Immunomedics

* “There is no evidence that changes at board level would delay approvals for IMMU-132”

* While we discussed Immunomedics informally with Jason Aryeh prior to deciding to take action at co, never offered Aryeh position on slate of nominees Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below