Adam is at it again: RTQ: 8.95 down 95 cents. There's more turmoil to report at struggling XBiotech (XBIT) . The biotech company's No. 2 executive resigned last week.
Kelly Thornburg, XBiotech's senior vice president of operations, submitted his resignation letter on May 5 and left the company immediately. Thornburg's exit was disclosed in a note at the bottom of the XBiotech 10-Q filed with the Securities and Exchange Commission on Wednesday night.