Navigation Links
Xmark Sends Letters to Icagen's Board of Directors: Questions Company's Leadership as Well as Motives Behind Adoption of Poison Pill
Date:1/20/2009

igher stock price. It was our belief then, as it is now, that the Company would be able to command multiples of its share price. Initially, we were open to the possibility that the Company might be able to create shareholder value through alternate methods, namely strategic partnerships. It was in our effort to gain a balanced view of such partnership possibilities that we first asked to attend a Board meeting. Based on the Company's response, we have been left to conclude that the Company has not adequately pursued all available strategic alternatives and we believe that the CEO may be largely to blame.

Over the course of Dr. Wagoner's long tenure, she has presided over an embarrassingly precipitous loss of share value. While Dr. Wagoner is an accomplished scientist and has played a role in consummating respectable corporate partnerships for Icagen, she does not appear to be respected by the capital markets for her acumen as a chief executive. The Board, which has the duty of overseeing corporate direction and execution, has allowed Dr. Wagoner to remain at the helm in spite of a high profile clinical failure, multiple failed strategic partnerships and a stock price that is closer to zero than it is to a dollar. Just as Dr. Wagoner has been at the helm for over a decade, so too have many of the members of the Board.

The challenges facing the healthcare sector today are unprecedented. As record numbers of biotech hedge funds have imploded or liquidated core positions to stay afloat, capital has dried up. Consequently, the cost of capital has skyrocketed. Companies must act aggressively in order to navigate the market's troubled waters. As the cost of capital rose this year, we believe that the Board did not take adequate steps to reduce the Company's costs. Additionally, given the challenging macro-economic environment, we believe that there was a glaring need for the Board and management to act swiftly with res
'/>"/>

SOURCE Xmark Opportunity Partners, LLC
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Xmark Comments on Genaera Cost-Saving Plan
2. Arrow International Sends Letter Reminding Shareholders to Vote White Proxy Card in Support of Teleflex Merger and Election of Current Board of Directors
3. Pelosi and Reid: Congress Sends President Bush Bipartisan Childrens Health Insurance Bill
4. FORGET THE JONESES, This is All About Keeping up With the Walkers as the Los Angeles Jewish Home Sends Out an Invite to Everyone Named Walker in the United States
5. Aspreva Sends Materials for Special Meeting to be Held December 17
6. USAID Sends Emergency Assistance to Djibouti for Cholera
7. AmeriCares Sends Emergency Aid to Kenya
8. Rheumatoid arthritis sends many into early retirement
9. Beyond Traditional Borders sends more Rice U. undergrads to Africa
10. USAID Sends Humanitarian Assistance to the People of Georgia
11. American Red Cross Sends Relief To Cuba
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/22/2014)... the University of Murcia have studied the changes ... a personality trait that causes difficulties in inhibiting ... and leads to unplanned actions without considering the ... indicator for predicting the risk of behavioural problems. ... the University of Murcia analyses whether the connectivity ...
(Date:7/22/2014)... CyraCom has been ranked as North ... translation and interpreting industry. Released June 2014 by the ... "The Language Services Market: 2014," also ranked CyraCom as ... up two spots from 2013. , In 2013, Common ... provide interpretation services – a subset of the language ...
(Date:7/22/2014)... 2014 The Muscular Dystrophy Association (MDA) and ... MUSCLE UP campaign that will raise funds to ... million Americans fighting muscle disease. , As part ... Jiffy Lube service centers through Sept. 1, 2014 to make ... make progress in the fight for muscle health. Since 2012, ...
(Date:7/22/2014)... The Restful Jaw Company announces its latest ... ®. The FDA-registered external device is clinically proven to ... fatigue and soreness during dental procedures. As such, patients ... do not need to take breaks or terminate procedures ... a vital solution in helping more than 31 million ...
(Date:7/22/2014)... Alan Mozes HealthDay Reporter ... drug already used to treat moderate-to-severe allergic asthma appears to ... helped by standard medications, new research suggests. The prescription ... hives, following U.S. Food and Drug Administration approval earlier this ... when Xolair is taken at a high dose for a ...
Breaking Medicine News(10 mins):Health News:Children's impulsive behaviour is related to their brain connectivity 2Health News:CyraCom Ranked Among the World’s Largest Language Service Providers 2Health News:Jiffy Lube® Supports Fight Against Muscle Disease with Third Annual MUSCLE UP® Campaign 2Health News:Jiffy Lube® Supports Fight Against Muscle Disease with Third Annual MUSCLE UP® Campaign 3Health News:Introducing the Restful Jaw – The Only Device Designed to Protect the Patient’s Jaw 2Health News:Introducing the Restful Jaw – The Only Device Designed to Protect the Patient’s Jaw 3Health News:Asthma Drug May Help Those With Chronic Hives 2Health News:Asthma Drug May Help Those With Chronic Hives 3
... Indian Railways handed over the new five state-of-the-art coach ... train, to Impact India Foundation here today. Speaking on ... said that since 1991, Impact India Foundation with the ... of cost to nearly 4,50,000 persons in remote and ...
... McCartney is pregnant again, just 7 months after giving birth to ... expecting her third child with husband Alasdhair Willis before the end ... legend dad Sir Paul McCartney is thrilled after hearing the news. ... has been getting him through the tough times. He would be ...
... tobacco industrys deceptive practices have been aggressively quashed through ... Ibrahim , co-author of an analysis in the August ... ,In the article, Ibrahim tracks the rise and ... for the past 40 years. She chronicles industry strategies ...
... structure of a key molecule called 'P2X receptor' that ... might lead to the development of painkillers for recurring ... by a team of researchers including Dr Chris Thompson, ... University of Manchester. ,Researchers examined slime moulds, ...
... the capacity of short-term memory is a strong predictor of ... ,A study conducted by them has shown that an ... time, but people with high IQ levels can remember more ... Vogel of the university conducted laboratory experiments to test their ...
... without fear of prosecution in one English city's pubs ... national ban, the local council admitted Wednesday . ... can spark up knowing that bureaucrats cannot impose the ... to get enforcement powers in time for July 1, ...
Cached Medicine News:Health News:New Lifeline Express Train Inaugurated 2Health News:Tobacco Industry Promotes Antismoking Campaigns 2Health News:Tobacco Industry Promotes Antismoking Campaigns 3Health News:Blunder Leaves Smoking Ban Up in Smoke in Stoke 2
(Date:7/22/2014)... 22, 2014 Quantum Materials Corporation (OTCQB:QTMM) (QMC) announced today ... Heaton to the Board of Directors. QMC also announced formation ... , QMC Chief Science Officer and Board of Directors Member, along ... Rice University and Mr. Tomio Gotoh , a pioneer of ... " Quantum Materials welcomes two new outside Board members, ...
(Date:7/21/2014)... 21, 2014  Champions Oncology (OTC: CSBR), a company ... services to personalize the development and use of oncology ... operational results for the fourth quarter and fiscal year ... after market close. The company will host ... at 4:30 p.m. EDT (1:30 p.m. PDT). To participate ...
(Date:7/21/2014)... July 21, 2014 /PRNewswire-iReach/ -- Top Brooklyn Pediatrician ... responds to an article, which suggests that caffeine may ... Logo - http://photos.prnewswire.com/prnh/20140718/128611 A few ... coffee to children, but now it happens rather frequently, ... new study, published in the journal Pediatrics, discussed a ...
Breaking Medicine Technology:Quantum Materials Announces New Outside Directors and Adds Scientific Advisory Board 2Quantum Materials Announces New Outside Directors and Adds Scientific Advisory Board 3Quantum Materials Announces New Outside Directors and Adds Scientific Advisory Board 4Dr. Michael Gabriel a Brooklyn Pediatrician Comments on an Article, Which Suggests Caffeine May Be Dangerous for Children 2
... 14 Spherix Incorporated,(Nasdaq: SPEX ) reported ... potential,type 2 diabetes drug, Naturlose(R), will expand outside ... of treatment-naive type II,diabetics are being considered. "This ... the first quarter of 2009, which is consistent ...
... a Safe and Effective ... Diabetes Patients, PHILADELPHIA, July 14 GlaxoSmithKline ... Drug Administration (FDA),updated the prescribing information for AVANDIA(R) ... Outcome Progression Trial,(ADOPT), a 4- to- 6 year ...
Cached Medicine Technology:Spherix Expands Phase 3 Naturlose Diabetes Trial Outside of the U.S. 2FDA Updates Label for AVANDIA(R) to Include Clinical Findings Demonstrating Sustained Glycemic Control for Up to Five Years 2FDA Updates Label for AVANDIA(R) to Include Clinical Findings Demonstrating Sustained Glycemic Control for Up to Five Years 3
HME w/CO2 Sampling Port 22mm od/15mm od...
Indications For Usage: ,Infant (recommended tidal volume 20-70ml), single patient use on anesthetized patients and respiratory care patients who require a breathing circuit. The product is intended ...
Indications For Usage: ,Adult (recommended tidal volume >150ml), single patient use on anesthetized patients and respiratory care patients who require a breathing circuit. The product is intended to...
... The Portex® Thermovent® T helps provide protection ... It is small and extremely lightweight making it ... adults. With a high rate of heat and ... secretion retention., ,All HMEs and filters have ...
Medicine Products: