Slew of resignations lead to boardroom changes and share plunge for Axovant

12 February 2018

Axovant Sciences (Nasdaq: AXON) today announced that its chief executive Officer David Hung has resigned to pursue other opportunities and has also resigned from the company’s board of directors.

Dr Hung, who took over the CEO post in April last year, will continue as scientific advisor to Roivant Sciences, which owns some 80% of Axovant, and the Roivant family of companies.

In addition, president and chief operating officer Marion McCourt has also resigned to pursue another opportunity, and directors Kate Falberg, Tony Vernon, and Patrick Machado have resigned as members of the company’s board of directors.

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