Investor seeks revamp of Genzyme's executive lineup

04/15/2010 | Boston Herald

Matrix Asset Advisors is urging Genzyme's board to replace Henri Termeer as CEO and accept activist-investor Carl Icahn's board nominees, two of whom are directors at Biogen Idec, a major manufacturer of multiple sclerosis drugs. However, recent tests showing that Genzyme's blood cancer drug Campath is effective in patients with MS could threaten Icahn's proxy challenge.

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