Molecular Templates Announces Leadership Changes and Operational Wind Down
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Molecular Templates (MTEM) has announced significant leadership changes, including multiple resignations from its Board of Directors and Dr. Eric E. Poma's resignation from executive roles. This is part of a strategic decision to wind down operations, with Craig Jalbert appointed as the sole director for oversight. The company warns stakeholders about the speculative nature of its securities, suggesting current trading prices may not reflect true value, and investors may not see returns. Molecular Templates focuses on developing targeted biologic therapeutics in the biotechnology sector.
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