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

ly, the Company conditioned its disclosure of the Company's strategic plans upon our (i) essentially agreeing to lock-up the shares owned by the Xmark Funds (which we always have been willing to do) and (ii) agreeing to remain silent in the public market (including no proxy battle), for a period potentially extending through the next annual meeting (June 2009). The Company attempted to secure our silence. The proposed confidentiality agreements would have undermined a key purpose of our request -- to speak out and take action if we found that management and the Board are not acting responsibly and in the best interests of the Company's shareholders.

Rather than walk away from the table, we sought middle ground and responded to the Company's offer with a compromise in the alternative: (x) we would agree to lock up the shares owned by the Xmark Funds and remain silent in the public market through the next annual meeting if the Company allowed us to attend a single meeting of the Board or (y) we would agree to a lock up for a period of four (4) months, so that we would be able to speak at the next annual meeting. In our view, this was a reasonable compromise. We wanted a voice; the forum for our voice -- the marketplace or the boardroom -- was up to the Company. The Company flatly rejected this proposal.

From this experience, we believe that management and the Board have little or no interest in benefiting the Company's shareholders. The Company has taken action to quell public market activity in its shares, while also requesting silence from its most active shareholder. We continue to be amazed by the behavior of the Board, one that includes luminaries such as Dr. Charles A. Sanders, Lead Director of Genentech, Inc. [(DNA)], Anthony B. Evnin, Managing General Partner of Venrock Associates, and Dr. Dennis B. Gillings, Chairman and Chief Executive Officer of Quintiles Transnational Corp., but, perha
'/>"/>

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:7/14/2014)... EnergyFirst, manufacturer of all-natural nutritional ... for its great products, thriving customer base, and ... its products as Jim’s Permalean Protein Powders and Jim’s ... EnergyFirst’s lineup of nutritional products. The Permalean brand will ... , Founded in 1999, Permalean’s products were designed to ...
(Date:7/14/2014)... Summer is the best season of the ... beach, swimming and other outdoor adventures. The promotional product experts ... and healthy all summer long. The promo product gurus at ... must-have custom imprinted products everyone must have on hand this ... sunblock. Sunscreen helps protect skin from harmful UV ...
(Date:7/14/2014)... New research and analysis from the national women's ... examines toxic ingredients in tampons, a product used by ... that may be found in the product’s absorptive materials, ... women’s health at risk. , According to WVE’s ... the potential impact of toxic chemical exposure from tampons ...
(Date:7/14/2014)... Cadeon Associates Inc. http://www.cadeon.com ... Money,” today announced that it has joined the ... helps partners resell, deploy, and develop solutions that ... TIBCO Software Inc. is a global leader in ... analytics, providing businesses the ability to capture the ...
(Date:7/13/2014)... 14, 2014 FORT LEE, N.J. – Authors ... modern approach to the science of tooth implants ... This book describes recent advances and techniques in the ... that benefit people who have lost all of their natural ... the first lower subperiosteal implant in 1940. It was ...
Breaking Medicine News(10 mins):Health News:EnergyFirst Acquires Permalean - Manufacturer of All Natural Protein Bars and Powders 2Health News:EnergyFirst Acquires Permalean - Manufacturer of All Natural Protein Bars and Powders 3Health News:Why These Three Summer Essentials from 4AllPromos Can Improve Summer 2Health News:New Patent Analysis Shows Toxic Risk From Tampons 2Health News:New Patent Analysis Shows Toxic Risk From Tampons 3Health News:New Patent Analysis Shows Toxic Risk From Tampons 4Health News:New Patent Analysis Shows Toxic Risk From Tampons 5Health News:Cadeon Associates Inc. Joins TIBCO Spotfire Partner Network 2Health News:Cadeon Associates Inc. Joins TIBCO Spotfire Partner Network 3Health News:Authors Leonard I. Linkow and Sheldon Winkler Feature Advancements in Implant Dentistry 2Health News:Authors Leonard I. Linkow and Sheldon Winkler Feature Advancements in Implant Dentistry 3Health News:Authors Leonard I. Linkow and Sheldon Winkler Feature Advancements in Implant Dentistry 4
... of France and of French there is always mention of that ... is just perfect with that. //But a recent tiff in the ... of salt. , The tiff rose over a report for ... cigarette packets, wine should also carry them., ,This was based ...
... now been announced that the British Government would be ... a consultant radiologist in Ireland. // ,These clinical ... scanner and have necessitated the recall of close to ... , The enquiry team will be headed by Dr ...
... to wait for more than 18 months for their treatment ... funded by Pfizer pharmaceuticals.// ,The survey found that ... their treatment in pain clinics the long wait was due ... lots of emergency patients are referred to these hospitals and ...
... Indonesian capital, Jakarta, with the country's Agriculture Minister Anton Apriyantono ... has spread all over the city.' ,The H5N1 virus ... has killed seven people., ,Indonesian health authorities and the ... the virus has spread to at least 22 of the ...
... studies have revealed the innumerable benefits of fish oil ... now shows that it might be good enough even ... associated with Multiple Sclerosis.// ,Multiple Sclerosis is ... Coping up with the disease is a significant problem ...
... and breakdown of electricity supplies, upto 90,000 senior citizens ... warned.//,As the Meteorological Office has issued its second severe ... - essential to warm homes - while some experts ... ,Charity organisations caring for the elderly warned that ...
Cached Medicine News:Health News:Bird Flu Alarm In Indonesia 2Health News:Harsh British Winter Could Kill Upto 90,000 Pensioners 2
(Date:7/11/2014)... , July 11, 2014  Kindred Hospital Houston ... announce the opening of its new outpatient wound ... services to people with chronic, hard to heal ... can lead to amputation, lower leg wounds related ... delayed closure, and traumatic injury wounds which are ...
(Date:7/11/2014)... ST. LOUIS , July 11, 2014 ... medical device company, announced today the positive, ... of its innovative SPiNPerc™ procedure. The SPiNPerc ... use of a percutaneous approach to biopsy ... possible.  Hospitals, patients and physicians experience positive ...
(Date:7/10/2014)... CLEVELAND , July 10, 2014  The U.S. ... a three-year grant to University Hospitals (UH) Case Medical ... a new national model aimed at improving care for ... Oncology Care," the project will test a unique model ... patients with late-stage disease, significant comorbidities, or demonstrated need ...
Breaking Medicine Technology:Kindred Hospital Houston Northwest, With Wound Care Specialists, Opens Outpatient Wound Healing And Hyperbaric Center 2Veran Medical Publishes Lung Cancer Patient Management Study 2University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services 2University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services 3University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services 4
... N.J., Oct. 27 Savient Pharmaceuticals, Inc. (Nasdaq: ... results for the third quarter 2010 following the close of ... Paul Hamelin, President, and David Gionco, Group Vice President, Chief ... call beginning at 9:00 a.m. Eastern Time on Friday, November ...
... 27 Express Scripts, Inc. (Nasdaq: ESRX ) announced ... or $0.57 per diluted share.  Third quarter adjusted earnings per share, ... increase of 55% over 2009. Third Quarter ... Tables 2 and 3) Total adjusted claims of ...
Cached Medicine Technology:Savient Pharmaceuticals to Hold Third Quarter 2010 Financial Results Conference Call on Friday, November 5, 2010 2Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 2Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 3Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 4Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 5Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 6Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 7Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 8Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 9Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 10Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 11Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 12Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 13Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 14Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 15Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance 16
... from DePuy offers a comprehensive combination of ... OSHA recommendations regarding occupational exposure to blood ... standard for comfort. , ,The Nighthawk, a ... from DePuy, is a personal protection system ...
... setup, try Cadwell paired disc electrodes. They ... custom-molded contacts are 10 mm (0.4 in) ... stainless steel with a locator pin on ... coded and available in twisted pairs. Shielded ...
... Headlight Video Camera System (NTSC)With Maxenon ... Provides surgeon's eye view of any ... tapes or digital files for later ... from 8" to 36". Automatic Iris ...
... Wrap-around, silver/silver chloride ring electrodes ... For use with minicrocodile clip ... 10 cm (4 in) long, ... Each 100-count package contains 50 ...
Medicine Products: