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MBVX

MabVax Therapeutics

$0.96

0.03 (3.23%)

08:06
07/24/17
07/24
08:06
07/24/17
08:06

MabVax Therapeutics board authorizes exploration of strategic alternatives

MabVax Therapeutics announced that following authorization from the Board of Directors, it plans to engage an independent financial advisory firm to assist the company in exploring and evaluating strategic options with the goal of maximizing shareholder value. "We continue to work in earnest to advance our clinical programs and validate our platform technology, including the recent commencement of patient dosing in our Phase 1 MVT-1075 Radioimmunotherapy clinical trial for the treatment of pancreatic, colon and lung cancers, and we remain committed to this continued progression. As part of our ongoing evaluation and prioritization of our portfolio of assets, and in response to inbound inquiries, we plan to engage an industry-leading firm to advise us on potential alternatives and strategies that will have the potential to unlock shareholder value," said David Hansen, MabVax's President and Chief Executive Officer. The financial advisory firm will be assisting the Company in evaluating transaction options currently being considered, which could include the acquisition of MabVax by another company, the sale or divestiture of specific assets, merging with another company, licensing of selected technologies or a combination of selected divestitures followed by a reverse merger. MabVax does not have a defined timeline for the exploration of strategic alternatives and is not confirming that the evaluation will result in any strategic alternative being announced or consummated. The Company does not intend to discuss or disclose further developments during this process unless and until its Board of Directors has approved a specific action or otherwise determined that further disclosure is appropriate.

TODAY'S FREE FLY STORIES

$DJT

DJ Transportation Average

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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SEMG

SemGroup

$27.35

0.2 (0.74%)

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IYT

iShares Transportation Average

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0.54 (0.29%)

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XLK

Technology Select Sector SPDR

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XLE

Energy Select Sector SPDR

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XLY

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0.08 (0.08%)

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TEVA

Teva

$15.70

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1.34 (0.76%)

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0.13 (0.01%)

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XLB

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DIOD

Diodes

$27.25

-0.32 (-1.16%)

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XLU

Utilities SPDR

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DIS

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XLP

Consumer Staples Sector SPDR

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XLV

Health Care Select Sector SPDR

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IWM

iShares Trust Russell 2000 Index Fund

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DIA

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VMC

Vulcan Materials

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SPY

SPDR S&P 500 ETF Trust

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DIS

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LUV

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XLF

Financial Select Sector

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CAG

Conagra Brands

$37.34

-0.21 (-0.56%)

, PF

Pinnacle Foods

$56.21

-0.49 (-0.86%)

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CAG

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PF

Pinnacle Foods

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  • 21

    Dec

SMH

Market Vectors Semiconductor

$97.69

0.06 (0.06%)

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