Intellia Therapeutics Inc Chief Executive John Leonard, who U.S. drug maker Bris...
NEW YORK - Intellia Therapeutics Inc Chief Executive John Leonard, who U.S. drug maker Bristol-Myers Squibb Co said last week was nominated by hedge fund Starboard Value LP to sit on its board, is not affiliated with the effort, an Intellia spokeswoman said on Thursday.
Smoter declined to offer an explanation on how Leonard’s name was included in Starboard’s slate of five directors to challenge Bristol-Myers’ board. Starboard declined to comment. Starboard’s immediate goal is to muster enough Bristol-Myers shareholder support to shoot down the company’s $74 billion deal to acquire biotech Celgene Corp, the New York-based fund said on Thursday. If it succeeds, it will use the slate to challenge Bristol-Myers’ board, Starboard added.A top Bristol-Myers shareholder, Wellington Management, came out against the Celgene deal on Wednesday, criticizing it as too risky and expensive.
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