Change in Constitution of the Board of Directors
02 June 2010 - 11:24PM
Summary: Genmab's Board of Directors to include three employee
members.
Genmab A/S (Copenhagen:GEN) announced today that three Genmab
employees were elected to the company's Board of Directors. In
accordance with the Danish Companies Act, the employees of a
company are entitled to be represented on the Board of Directors if
the company has employed a minimum of 35 employees on average over
the past three years and the employees request such
representation.
The employees of Genmab A/S chose to exercise this right and in
addition, approved a voluntary arrangement, which allowed the
subsidiaries of the company to also participate in the election. As
a result, three Genmab employees, along with three alternates, were
elected by their peers to become members of the Board.
Details regarding these new board members are as follows. They
will join Genmab's Board of Directors in conjunction with the June
2, 2010 Board of Directors' Meeting.
Daniel J. Bruno American, 30 Mr. Bruno joined Genmab in 2008 and
is currently the Controller of Genmab's locations in the United
States. Before joining Genmab, he spent six years at
PricewaterhouseCoopers in the Assurance and Business Advisory
practice serving clients in Health Industries group, which included
pharmaceutical, lifescience, and biotech companies. He is a
Certified Public Accountant and received B.S. and M.S. degrees from
Fairleigh Dickinson University.
Nedjad Losic Swedish, 41 Mr. Losic joined Genmab in 2004 and is
currently Associate Director, Statistics at Genmab's location in
Copenhagen. He has worked in the pharmaceutical industry since
1996. Prior to joining Genmab, he held positions at Ferring
Pharmaceuticals and at Spadille Sweden, where he was Managing
Director. He was the responsible statistician for two successful
drug applications, one in 1999 and one in 2009. He also served on
the board of directors for other non-industry associations. Mr.
Losic received a M.Sc. in Mathematics from the University of Lund
and a diploma in Management of Medical Product Innovation from the
Scandinavian International Management Institute.
Tom Vink, Ph.D. Dutch, 47 Dr. Vink joined Genmab in 2002 as Head
of Molecular Biology. Currently, he is leading the Cell and
Molecular Science unit at Genmab's R&D facility in Utrecht.
Before joining Genmab, Dr. Vink worked for more than 15 years in
lifesciences research, specializing in molecular biology and
biochemistry. Dr. Vink is the author of over 20 scientific
publications and is named inventor on over 10 patents and patent
applications. He received a M.S. degree in Biochemistry from Leiden
University, and a Ph.D. from Utrecht University.
About Genmab A/S
Genmab is a leading international biotechnology company focused
on developing fully human antibody therapeutics for the potential
treatment of cancer. Genmab's world class discovery and development
teams are using cutting-edge technology to create and develop
products to address unmet medical needs. Our primary goal is to
improve the lives of patients who are in urgent need of new
treatment options. For more information on Genmab's products and
technology, visit www.genmab.com.
This Stock Exchange Release contains forward looking statements.
The words "believe", "expect", "anticipate", "intend" and "plan"
and similar expressions identify forward looking statements. Actual
results or performance may differ materially from any future
results or performance expressed or implied by such statements. The
important factors that could cause our actual results or
performance to differ materially include, among others, risks
associated with product discovery and development, uncertainties
related to the outcome and conduct of clinical trials including
unforeseen safety issues, uncertainties related to product
manufacturing, the lack of market acceptance of our products, our
inability to manage growth, the competitive environment in relation
to our business area and markets, our inability to attract and
retain suitably qualified personnel, the unenforceability or lack
of protection of our patents and proprietary rights, our
relationships with affiliated entities, changes and developments in
technology which may render our products obsolete,and other
factors. For a further discussion of these risks, please refer to
the section "Risk Management" in Genmab's Annual Report, which is
available on www.genmab.com. Genmab does not undertake any
obligation to update or revise forward looking statements in this
Stock Exchange Release nor to confirm such statements in relation
to actual results, unless required by law.
Genmab(R); the Y-shaped Genmab logo(R); HuMax(R); HuMax-CD20(R);
HuMax-EGFr(TM); HuMax-IL8(TM); HuMax-TAC(TM); HuMax-HepC(TM);
HuMax-CD3(TM);HuMax-CD32b(TM); HuMax-TF(TM); HuMax-Her2(TM);
HuMax-VEGF(TM); HuMax-Wnt; HuMax-cMet(TM) and UniBody(R) are all
trademarks of Genmab A/S. Arzerra(R) is a trademark of
GlaxoSmithKline.
Stock Exchange Release no. 19/2010
CONTACT: Genmab A/S
Helle Husted, Vice President, Investor Relations
+45 33 44 77 30,
Mobile: +45 25 27 47 13
h.husted@genmab.com