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Biotech / Medical : MEDX ... anybody following?

MEDX 31.43

-0.7%

Nov 7 9:30 AM EST

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To: Icebrg who wrote (1706)	5/17/2007 9:10:55 AM
From: Icebrg	of 2240

Bad luck for IMGN. He will have to resign almost as soon as he was appointed. ImmunoGen, Inc. Announces Resignation of Howard Pien from its Board of Directors Thursday May 17, 9:00 am ET Mr. Pien's New Position with Medarex Creates a Conflict of Interest CAMBRIDGE, Mass.--(BUSINESS WIRE)--ImmunoGen, Inc. (Nasdaq: IMGN - News) today announced the resignation of Howard Pien from the Company's Board of Directors. Mr. Pien recently accepted the position of president and chief executive officer of Medarex, Inc. Since ImmunoGen and Medarex both develop antibody-based anticancer therapeutics, Mr. Pien's new role with Medarex creates a conflict of interest with his role as a Director of ImmunoGen. The Company has initiated a search to replace Mr. Pien on its Board.

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