Breaking News Instant updates and real-time market news.

PPHM

Peregrine

$5.41

0.62 (12.94%)

18:12
07/13/17
07/13
18:12
07/13/17
18:12

Peregrine confirms Ronin Trading submitted three board candidates

Peregrine Pharmaceuticals confirmed that Ronin Trading, LLC and SW Investment Management LLC submitted three candidates for election to the Peregrine board of directors at the company's Annual Meeting of Stockholders. The company issued the following statement on Ronin/SWIM's nomination of directors and its letter to the Peregrine stockholders: "Peregrine welcomes the input of our stockholders and is committed to maintaining a highly qualified Board to lead the company forward. We respect the right of stockholders to nominate directors and our Board follows a defined process to evaluate any potential nominees. Our Nominating Committee will carefully evaluate Ronin/SWIM's nominees consistent with that process. Following the Committee's review, it will make a recommendation to the Board that is in the best interests of Peregrine and all of our stockholders. Stockholders need take no action at this time. We are actively engaged in an ongoing dialogue with our stockholders and welcome their constructive input on how we can further strengthen the company. We have engaged in various discussions with representatives of Ronin Trading and SW Investment Management and welcome a constructive dialogue toward enhancing value. Peregrine's Board, which has a deep understanding of the Company's R&D and CDMO business lines, has been actively involved in setting and overseeing a strategy that has delivered meaningful growth over the past five years in our CDMO business and promising progress in our R&D efforts while substantially reducing R&D spend."

  • 14

    Jul

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.