UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
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SciClone Pharmaceuticals, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than The Registrant)
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June 4, 2014
Dear SciClone Stockholder:
The SciClone Pharmaceuticals, Inc. annual meeting of stockholders is scheduled for June 12, 2014. You should have previously received the proxy materials relating to this upcoming meeting.
We would like to bring your attention to some important information regarding the significant and thorough remediation steps that have been undertaken by the Company to correct the material weaknesses in the Company’s internal controls.
In 2013, management determined that, of the four dimensions to the material weakness originally reported in 2012, three of the dimensions had been satisfactorily remediated on the basis of significant improvement efforts in related policies, controls, and behavior, but a single dimension of the material weakness remained, necessitating renewed reporting thereof at December 31, 2013. This final dimension had been addressed in late 2013 but not fully resolved due to timing.
As of March 31, 20l4, we have implemented procedures designed to address the material weakness disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013 related to the design and operating effectiveness of certain corporate monitoring controls. Management has implemented corporate monitoring controls and other controls to provide increased oversight over our China operations. As the Company continues to evaluate and work to improve its internal control over financial reporting, management may determine to take additional measures to address this material weakness or to modify the remediation steps described above. We will not be able to assess whether the steps we are taking will fully remediate the material weakness in our internal control over financial reporting until we have completed our implementation efforts and sufficient time passes in order to evaluate their effectiveness.
As you can see, our Board and management have taken significant and meaningful remediation steps to address the previously disclosed material weaknesses in the Company’s internal controls. In light of the foregoing we urge you to support all Directors who stand for election at the 2014 annual meeting.
Thank you for your continued support of SciClone Pharmaceuticals, Inc.
| Sincerely, |
| /s/ Wilson W. Cheung |
| Wilson W. Cheung |
| Chief Financial Officer |
| Senior Vice President, Finance |
SciClone Pharmaceuticals, Inc.
950 Tower Lane, Suite 900 — Foster City, CA 94404-2125 — Tel: (650) 358-3456 — Fax: (650) 358-3469