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Home / News / Acacia looks to install its own directors in board shake-up of former Woodford biotech holding
Acacia looks to install its own directors in board shake-up of former Woodford biotech holding
US investor has slammed Arix Biosciences for its ‘history of governance instability’
Acacia Research is proposing to install two of its own directors and axe the current chairman of Arix Biosciences, one of the biotech companies it snatched off of Neil Woodford’s former fund.
On Monday Acacia, which is currently working with Woodford on his comeback venture, requisitioned AGM resolutions to nominate a trio of directors to Arix’s board after calling out the London-listed biotech firm for its “history of governance instability”.