Sudden CFO swap spooks Zymeworks stockholders
In a filing with the US Securities and Exchange Commission (SEC), Canadian biotech Zymeworks (NYSE: ZYME) has revealed the sudden replacement of its chief financial officer.
The oncology specialist, which recently completed a private $50 million share placement, provided no reason for the removal of Christopher Astle from the position of CFO, and senior vice president.
However, multiple law firms, including Levi & Korsinsky and Kirby McInerney, have announced they intend to investigate possible unlawful business practices, including a possible violation of federal securities law.
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