Arcturus Therapeutics (NASDAQ: ARCT) said today it has fired co-founder and CEO Joseph E. Payne (on the right in above photo), and named Mark Herber, vice president of business development and alliance management, as interim president.
The San Diego-based early stage biotech, which specializes in RNA medicines, did not explain in a statement today why the Arcturus board decided to terminate Payne-only that his dismissal “is not related to Arcturus’ operational performance, ongoing programs, financial condition, or financial reporting.”
The unexpected announcement nevertheless sent the price of Arcturus shares spiraling in after-hours trading, falling by $1.38, nearly 19 percent, to… Read more »
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