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Immunotech Biopharm Announces Executive Resignation Amid Governance Dispute

Story Highlights
  • Immunotech Biopharm Ltd announced the resignation of Dr. Wang due to board disagreements.
  • The company asserts Dr. Wang’s allegations are unfounded and governance standards are upheld.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Immunotech Biopharm Announces Executive Resignation Amid Governance Dispute

Elevate Your Investing Strategy:

An announcement from Immunotech Biopharm Ltd ( (HK:6978) ) is now available.

Immunotech Biopharm Ltd announced the resignation of Dr. Wang from her roles as Executive Director, CEO, and CTO due to disagreements with the Board. The company clarified that the disagreements were related to internal control enhancements and governance practices, which they believe do not infringe upon Dr. Wang’s authority or the company’s operational integrity. The Board maintains that Dr. Wang’s allegations are unfounded and assures stakeholders of continued adherence to corporate governance standards.

More about Immunotech Biopharm Ltd

Immunotech Biopharm Ltd is a biotechnology company incorporated in the Cayman Islands, focusing on the development and commercialization of innovative biopharmaceutical products. The company is listed on the Hong Kong Stock Exchange and is involved in the research and production of advanced medical treatments.

Average Trading Volume: 411,933

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.54B

Learn more about 6978 stock on TipRanks’ Stock Analysis page.

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