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Lynch is out at ImClone

Executive Summary

ImClone Systems CEO Daniel Lynch resigns Nov. 10 "by mutual agreement with the company's board of directors." He was named CEO in February 2004 after serving in that capacity on an interim basis since April 2003. Lynch joined ImClone in April 2001 as vice president of finance and chief financial officer. While the search for a new CEO is conducted, Exec VP and Chief Scientific Officer Philip Frost will serve as interim CEO. A former Wyeth exec, Frost joined ImClone in February (1"The Pink Sheet" Feb. 21, 2005, In Brief)...
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