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Arca Biopharma (ABIO) has provided an update.
ARCA biopharma, Inc. has announced the mutual decision to end Dr. Michael Bristow’s role as President, CEO, and Director, effective April 3, 2024, with no disputes cited. He will receive a severance payment and has also agreed to a consulting deal with ARCA. Simultaneously, Thomas A. Keuer, long-serving COO, steps up as President and principal executive officer, without extra pay, until the completion of ARCA’s merger with Oruka Therapeutics. Keuer’s background and lack of material interest in transactions are detailed in ARCA’s regulatory filings.
For an in-depth examination of ABIO stock, go to TipRanks’ Stock Analysis page.