-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GY4ikeo4vmuU31ZiN6G30SmUBqe0A4RhZqGfyIVh9bJ3APcFaigaxPWcv4wQi4lU 4Pbqx3fCx+9L/5+JoGgivQ== 0001275287-05-003433.txt : 20050902 0001275287-05-003433.hdr.sgml : 20050902 20050902143440 ACCESSION NUMBER: 0001275287-05-003433 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050902 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050902 DATE AS OF CHANGE: 20050902 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMMUNOMEDICS INC CENTRAL INDEX KEY: 0000722830 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 611009366 STATE OF INCORPORATION: DE FISCAL YEAR END: 0825 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12104 FILM NUMBER: 051067443 BUSINESS ADDRESS: STREET 1: 300 AMERICAN RD CITY: MORRIS PLAINS STATE: NJ ZIP: 07950 BUSINESS PHONE: 9736058200 MAIL ADDRESS: STREET 1: 300 AMERICAN ROAD CITY: MORRIS PLAINS STATE: NJ ZIP: 07950 8-K 1 ii3523.txt FORM 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): September 2, 2005 Immunomedics, Inc. -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 000-12104 61-1009366 ---------------------------- ------------ ------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 300 American Road, Morris Plains, New Jersey 07950 -------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) (973) 605-8200 (Registrant's telephone number, including area code) Not applicable ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). [ ] Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12). [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). ================================================================================ ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS Effective September 2, 2005, Ivan Horak, M.D. resigned from his position as Executive Vice President of Research and Development and Chief Scientific Officer of Immunomedics, Inc. (the "Company"). A copy of the Company's press release announcing Dr. Horak's resignation is attached hereto as Exhibit 99.1 and incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS. Exhibit No. Description ----------- ------------------------------------------------------- 99.1 Press Release of Immunomedics, Inc. dated September 2, 2005. - 2 - SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. IMMUNOMEDICS, INC. Dated: September 2, 2005 By: /s/ Cynthia L. Sullivan ------------------------------------- Name: Cynthia L. Sullivan Title: President and Chief Executive Officer - 3 - EX-99.1 2 ii3523ex991.txt EXHIBIT 99.1 Exhibit 99.1 IMMUNOMEDICS ANNOUNCES CHANGE IN SENIOR MANAGEMENT MORRIS PLAINS, N.J., Sept. 2 /PRNewswire-FirstCall/ -- Immunomedics, Inc. (Nasdaq: IMMU) today announced Ivan Horak, M.D., the Company's Executive Vice President of Research and Development and Chief Scientific Officer, has terminated his employment with the Company. Dr. Horak has decided to refocus his career in oncology and the development of small molecules, in which he was active before joining the company. "We are grateful to Dr. Horak for his contributions to our Company over the last several years, particularly related to the commencement of our Phase III pivotal trials with epratuzumab in patients with lupus. We now have stronger preclinical and clinical departments. During the transition, Dr. Horak will continue to work with the Company on clinical trial activities," stated Cynthia L. Sullivan, President and Chief Executive Officer. "I am very pleased to see the advancement of epratuzumab into pivotal Phase III trials in the unmet medical need indication for lupus therapy. The novel mechanisms of action of epratuzumab may provide a significant advantage over existing therapies. I am confident that the Company's current team will successfully execute this pivotal program. Furthermore, I am pleased that over last few years the Company has built a pipeline of novel agents targeting a broad spectrum of autoimmune diseases and cancer," commented Ivan D. Horak, M.D. "With our current clinical, regulatory, and biostatistical teams, as well as the contracted clinical research organization running the lupus registration trials, we do not anticipate any delays due to Ivan's departure. It is our intention to expand our rheumatology and oncology clinical staff to manage our other Phase I and II clinical studies in these areas. We wish Ivan much success in his new endeavors," Ms. Sullivan further remarked. About Immunomedics Immunomedics is a New Jersey-based biopharmaceutical company focused on the development of monoclonal, antibody-based products for the targeted treatment of cancer, autoimmune and other serious diseases. We have developed a number of advanced proprietary technologies that allow us to create humanized antibodies that can be used either alone in unlabeled or "naked" form, or conjugated with radioactive isotopes, chemotherapeutics or toxins, in each case to create highly targeted agents. Using these technologies, we have built a pipeline of therapeutic product candidates that utilize several different mechanisms of action. Our lead product candidate, epratuzumab, is currently in two pivotal Phase III trials for the treatment of patients with moderate and severe lupus (ALLEVIATE A and B). At present, there is no cure for lupus and no new lupus treatment drug has been approved in the U.S. in the last 40 years. We believe that our portfolio of intellectual property, which includes approximately 90 patents issued in the United States, and more than 250 other issued patents worldwide, protects our product candidates and technologies. Visit our web site at http://www.immunomedics.com. This release, in addition to historical information, may contain forward- looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Such statements, including statements regarding clinical trials, out-licensing arrangements, and capital raising activities, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein. Factors that could cause such differences include, but are not limited to, risks associated with new product development (including clinical trials outcome and regulatory requirements/actions), competitive risks to marketed products and availability of financing and other sources of capital, as well as the risks discussed in the Company's filings with the Securities and Exchange Commission. The Company is not under any obligation, and the Company expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. For More Information: Dr. Chau Cheng Associate Director, Investor Relations & Business Analysis (973) 605-8200, extension 123 ccheng@immunomedics.com -----END PRIVACY-ENHANCED MESSAGE-----