On Tuesday, Shares of Immunomedics, Inc. (NASDAQ:IMMU), included 6.91 % and shut at $3.56 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $3.28 and $3.59. venBio Select Advisor LLC (“venBio”), venBio’s New York-based investment manager focused principally on publicly traded biotechnology companies, and the leading beneficial owner of Immunomedics, Inc. (IMMU) (“Immunomedics” or the “Company”) with about 9.5 million shares, or 9.0%, declared that it has nominated four highly-qualified candidates – Scott Canute, Peter Barton Hutt, Dr. Khalid Islam, and Dr. Behzad Aghazadeh – for election to the Company’s Board of Directors at the forthcoming 2016 Annual Meeting of stockholders, to be held on December 14, 2016.
Behzad Aghazadeh, Ph.D., Managing Partner at venBio, issued the following statement:
“Over the past year, we have engaged on numerous occasions with the Immunomedics administration team and have offered constructive suggestions to increase the transparency into the Company’s development programs and overall business strategy. During this period however, the Board of Directors and administration of Immunomedics, in our view, have made a series of missteps contributing to a noteworthydecrease in stockholder value. Most notably, they have failed to unlock the potential of IMMU-132, the Company’s drug candidate for treating triple negative breast cancer (a deadly disease for which no targeted therapies presently exist). This has positioned the Company poorly moving forward, and left us no choice but to take action in order to protect the best long-term interests of both stockholders and patients in desperate need of IMMU-132 treatment.
Shares of Capital One Financial Corp. (NYSE:COF), subtract -0.75% and shut at $82.59 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $82.43 and $83.88. The association’s commercial center capitalization is $40.42 Billion with the general uncommon loads of 489.22 million. Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company offers various non-interest bearing and interest-bearing deposits, such as demand deposits, money market deposits, time deposits, negotiable order of withdrawal accounts, and savings accounts. It also provides credit card loans and installment loans; auto, home, and retail banking loans; and commercial and multifamily real estate, commercial and industrial, and small-ticket commercial real estate loans. In addition, the company offers credit and debit card products; online direct banking services; and treasury administration and depository services. It serves consumers, small businesses, and commercial clients through the Internet and other distribution channels, in addition to through branches located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and the District of Columbia.