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Xencor Announces Upcoming Change to Board of Directors PASADENA, Calif.

Key Takeaway: Xencor, Inc. announced that Dagmar Rosa-Bjorkeson will not seek reelection to its Board of Directors during the 2025 Annual Meeting. Rosa-Bjorkeson has been a board member since 2019 and plans to pursue another business opportunity. The company is actively seeking additional board members with complementary skills. Xencor continues to focus on advancing its clinical-stage biopharmaceutical pipeline, which includes engineered antibodies for cancer and serious diseases.

Market Sentiment Analysis

POSITIVE FACTORS

  • Board member Dagmar Rosa-Bjorkeson has served since 2019, indicating continuity and experience.
  • Xencor has multiple candidates in clinical development, showcasing their active pipeline.
  • Management appreciates contributions from departing board member, suggesting strong internal relationships.

Full Press Release Details

Xencor Announces Upcoming Change to Board of Directors
PASADENA, Calif.-- Oct. 4, 2024-- Xencor, Inc. (NASDAQ XNCR), a clinical-stage biopharmaceutical company developing engineered antibodies for the treatment of cancer and other serious diseases, today announced that Dagmar Rosa-Bjorkeson has informed the Company that she will not stand for reelection to the Company's Board of Directors at the 2025 Annual Meeting of Stockholders. Ms. Rosa-Bjorkeson has served as a director since 2019 and plans to pursue another business opportunity. Xencor will continue its ongoing process to recruit additional Board members with complementary skillsets.
"On behalf of Xencor's Board of Directors and management team, I want to thank Dagmar for her many contributions to our Board and our audit and nominating and governance committees," said Bassil Dahiyat, Ph.D., president and chief executive officer at Xencor. "Dagmar provided strategic guidance as we have advanced programs and rebalanced our portfolio, and we wish her well in all future endeavors."
Xencor is a clinical-stage biopharmaceutical company developing engineered antibodies for the treatment of patients with cancer and other serious diseases. More than 20 candidates engineered with Xencor's XmAb technology are in clinical development, and multiple XmAb medicines are marketed by partners. Xencor's XmAb engineering technology enables small changes to a protein's structure that result in new mechanisms of therapeutic action. For more information, please visit www.xencor.com.
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Frequently Asked Questions

Who is leaving Xencor's Board of Directors?

Dagmar Rosa-Bjorkeson will not seek reelection to Xencor's Board.

When will the Board election take place?

The election will occur at the 2025 Annual Meeting of Stockholders.

How long has Dagmar been on the Board?

Dagmar has served on Xencor's Board since 2019.

What is Xencor specialized in?

Xencor develops engineered antibodies for cancer and serious diseases.

What technology does Xencor utilize?

Xencor's XmAb technology modifies protein structures for new therapies.

Last updated: Oct 4, 2024