The shares are off $2 or 8% this morning, profit taking I shouuld think, it has had a nice run.
Lets get caught up on recent news:
Form 8-K for CLINICAL DATA INC 3-Feb-2006
Change in Directors or Principal Officers, Financial Statements and Exhibits
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On February 3, 2006, Clinical Data, Inc. (the Company) announced the resignation of G. Steven Burrill as a member of the Companys board of directors and member of the boards Audit Committee, effective immediately. The Company appointed Mr. Burrill to its board of directors in connection with the Companys December 2005 acquisition of Icoria, Inc. At the request of his partners, however, Mr. Burrill has agreed to limit his board commitments and participation only to companies in which Burrill & Company has a substantial financial interest. A copy of the press release announcing Mr. Burrills resignation is attached as Exhibit 99.1 to this current report and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits. (c) Exhibits.
99.1 Press Release, dated February 3, 2006.
__________________________________________ "Burrill’s resignation is a ‘non event’"
finance.messages.yahoo.com ______________________________________
I think I would like to have seen Burrill keep the CLDA investment, but obviously they were able to finally sell Icoria this way. In any event, this will be an interesting one to follow and I'll be lurking over on Yahoo. |