MacroGenics, Inc. Announces Paulo Costa, Member of the Board of Directors Will Not Stand for Re-Election as A Director
September 27, 2021 at 04:12 pm EDT
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MacroGenics, Inc. announced that on September 23, 2021, Mr. Paulo Costa, a member of the board of directors of the Company, notified the Board that he will not stand for reelection as a director of the Company upon expiration of his current term. Mr. Costa’s term expires at the Company’s 2022 annual meeting of stockholders (the “2022 Annual Meeting”). Mr. Costa is currently Chair of the Board and Chair of the Nominating and Governance Committee, and will serve in his current positions until the conclusion of the 2022 Annual Meeting. Mr. Costa’s decision to let his term expire and not to stand for reelection at the 2022 Annual Meeting is for personal reasons and not based on any disagreement with the Company or its management. He has served on the Company’s Board of Directors since June 2009.
MacroGenics, Inc. is a biopharmaceutical company focused on developing and commercializing monoclonal antibody-based therapeutics for the treatment of cancer. It generates its pipeline of product candidates primarily from its suite of antibody-based technology platforms, which have applicability across broad therapeutic domains. It is developing product candidates that target various tumor-associated antigens and immune checkpoint molecules. Its lead pipeline program is vobramitamab duocarmazine (vobra duo), an antibody-drug conjugate (ADC) that targets B7-H3, a molecule in the B7 family of immune regulator proteins that is expressed by several different tumor types. Its clinical pipeline includes two product candidates based on its, bispecific DART technology that co-engages both PD-1 and other checkpoint molecules. These candidates include lorigerlimab and tebotelimab. In addition, it is developing MGD024, a bispecific DART molecule. It is also developing various other programs.
MACROGENICS, INC. 
