Amylin Co-Founder Announces Plans to Vote for Eastbourne Slate
May 11 2009 - 3:15PM
PR Newswire (US)
FRANKFORT, Mich., May 11 /PRNewswire/ -- The following is being
released today by Howard E. Greene, Jr. To my fellow shareholders:
As the founding CEO of Amylin and a board member for almost 22
years, I want you to know how I plan to vote at our annual meeting.
In my opinion Amylin's talented employee team has created one of
the best product and technology platforms in the diabetes and
obesity area. But, shareholders have suffered because sales results
have not reflected the commercial potential of that platform. I
commend our present management team, under Dan Bradbury's
leadership, for recognizing that they need to achieve a more
effective working relationship with Lilly, and that they must
design a more innovative strategy for convincing primary care
physicians that Amylin's injectible medicines are their best
treatment option for patients with diabetes. Our board of directors
will play a strategic role in meeting these challenges. I believe
management will have more freedom to think outside of the box if we
replace the directors most directly involved in crafting the
disappointing commercialization strategy. Also, with the departures
of Ginger Graham and me, the Amylin board loses more than 60% of
its stock ownership. I think our investors would be well served by
adding directors who directly represent large shareholdings. So, I
have decided to vote for the slate proposed by Eastbourne,
including the Icahn nominees. Respectfully, Howard E. Greene, Jr.,
Co-Founder of Amylin DATASOURCE: Howard E. Greene, Jr. CONTACT:
Howard E. Greene, Jr., , +1-212-858-1685 (email contact is
preferable)
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