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Monday, January 23, 2023 4:01:30 PM
I've tried going back to figure out who was on the board and nominated him to the board originally.
I wonder why this guy, who was with Merck for 35 years, and is now on the Board of Gilead and Novo Holdings (basically the investment incubator for Novo Nordisk), joins this tiny, flat-lining biotech startup and becomes Chairman.
Setting aside all the stupid comments about "he just wants free shares" and other silliness, there has to be something more to this. And there has to be something more to why Denner wants him gone.
It's one thing to want to see a long-term, entrenched chairman gone. But PWO has only been here for ONE year. It absolutely does not make sense. It gives me the impression that there is something PWO is trying to do that clearly rubs Denner the wrong way.
And there is simply no way PWO is just there for the "free shares". I think there is far more to it than that. And I suspect it has something to do with either Novo Holdings or Gilead.
And here's the thing - PWO has been on Gilead's board for like 12 years. And Gilead is one of Sarissa's largest holdings. PWO joined Amarin's board only a few months after Sarissa took its first stake in Amarin in 2021. I just do not see this as "coincidence". But I am also not sure exactly what it all means.
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