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Immunomedics CEO Michael Pehl Resigns

Xconomy New York — 

Michael Pehl has resigned as CEO of Immunomedics (NASDAQ: IMMU), 15 months after he left Celgene (NASDAQ: CELG) to take the top job at the Morris Plains, NJ, company. In a press release, Immunomedics says Pehl is returning to Europe. According to a securities filing, Pehl will remain an Immunomedics employee for 30 days to help with the transition of his responsibilities. The announcement comes a month after the FDA rejected Immunomedics triple negative breast cancer drug sacituzumab govitecan due to manufacturing problems.