Advaxis shares tumble after CEO quits
Daniel O’Connor has resigned as chief executive of US biotech Advaxis (Nasdaq: ADXS).
The oncology immunotherapy specialist announced the news late on Thursday, sending the company’s share price down by 7.5% in after-hours trading to $6.20.
No reason was given for Mr O’Connor’s departure but the company quoted him as saying: “I am grateful to have had the opportunity to lead Advaxis for the past several years. The company has powerful technology and a strong management team. I have every confidence in their ability to ensure the company’s continued success.”
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