• SKIP TO CONTENT
  • SKIP NAVIGATION
  • Patient Resources
    • Clinical Trial Listings
    • What is Clinical Research?
    • Volunteering for a Clinical Trial
    • Understanding Informed Consent
    • Useful Resources
    • FDA Approved Drugs
  • Professional Resources
    • Research Center Profiles
    • Market Research
    • Benchmark Reports
    • FDA Approved Drugs
    • Training Guides
    • Books
    • eLearning
    • Events
    • Newsletters
    • White Papers
    • SOPs
  • White Papers
  • Clinical Trial Listings
  • Advertise
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » Actelion gets backing from shareholder

Actelion gets backing from shareholder

March 8, 2011
CenterWatch Staff

Swiss biotech group Actelion won the support of one of its biggest shareholders after Elliott Advisers called on Actelion to consider putting itself up for sale, according to FierceBiotech.

"Actelion has the right strategy in place to ensure sustained value creation," Rudolf Maag, who holds 4.2% of Actelion's outstanding shares, said in a statement.

"The company enjoys a strong, risk-balanced pipeline and invests the shareholders’ money in the right projects ... I am convinced that pursuing a stand-alone strategy where the benefits of these investments can be fully realized will maximize shareholder value over the medium to long term."

Maag is the first shareholder to come out in support of Actelion since largest shareholder Elliott made public letters to the board in which it urged Actelion to consider putting itself up for sale after a spate of product setbacks.

Elliott has called for Actelion's founder and Chief Executive Jean-Paul Clozel, as well as Chairman Robert Cawthorn, to resign from the board.

Elliott, which owns nearly 6% of the $7 billion company, is also using Georgeson, a firm of proxy solicitors, in a bid to gain more support among shareholders.

    Upcoming Events

    • 16Oct

      MAGI@home Clinical Research Conference 2023

    • 25Oct

      2023 WCG Patient Forum

    • 26Oct

      FDA in 2024: What to Expect in an Election Year

    Featured Products

    • Surviving an FDA GCP Inspection

      Surviving an FDA GCP Inspection: Resources for Investigators, Sponsors, CROs and IRBs

    • Best Practices for Clinical Trial Site Management

      Best Practices for Clinical Trial Site Management

    Featured Stories

    • Donna Snyder

      New WCG Executive Physician Outlines Goals for Clinical Research

    • Hand Shake at Meeting

      Partnership to Bolster Trials in Low Resource Regions Kicks Off

    • Guidelines-360x240.png

      Major Industry Groups Offer Feedback on ICH’s E6(R3) Guidelines

    • AsktheExpertsBadge-360x240.png

      Ask the Experts: Monitoring

    Standard Operating Procedures for Risk-Based Monitoring of Clinical Trials

    The information you need to adapt your monitoring plan to changing times.

    Learn More Here
    • About Us
    • Contact Us
    • Privacy Policy
    • Do Not Sell or Share My Data

    Footer Logo

    300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

    Phone 703.538.7600 – Toll free 888.838.5578

    Copyright © 2023. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing