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Synta Pharmaceuticals Corp. Message Board

  • apachefogg apachefogg Jul 2, 2014 11:21 AM Flag

    Interesting announcement about CEO resignation on 3/3/14

    The CEO is replaced by a newly formed executive committee consisting,among others,the chairman of the BOD,Director Robert Wilson......retired Vice Chairman of Johnson and Johnson(pretty large corp to my understanding....$300 BB mkt cap)....And Paul Friedman ....former CEO of INCY..a $9.5 BB mkt cap BIO Corp.
    IMO,these guys are not novices and likely more competent (synergy) than the previous CEO.
    It is also stated that the transition is not expected to create a delay in the advancement of Ganetespib or the HDC platform
    IMO....the loss of the CEO does not create a vacuum and Bernitz's departure was in the best interest of SNTA.
    These supposed negatives look like positives to me

    Sentiment: Strong Buy

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