LakeShore Biopharma (LSB) has released an update.
LakeShore Biopharma announced significant changes in its board composition with the voluntary resignations of seven directors and subsequent appointments, including Mr. Dave Chenn as the new chairperson. Additionally, the company appointed Mr. Xu Wang, a seasoned industry executive with over two decades of experience, as Chief Operation Officer. Amidst these leadership transitions, LakeShore Biopharma is actively defending against legal proceedings in the Cayman Islands and arbitration claims in China, which they believe will not materially impact business operations.
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