On April 9, 2018, Michael Stecher, M.D., a Named Executive Officer in the company's most recent Proxy filing, stepped down from his position as Medical Director of XBiotech Inc. effective immediately. On April 10, 2018, the company appointed William Levis, M.D. to serve as the company's Interim Medical Director and take on all responsibilities in this capacity until a permanent replacement is in place. Dr. Levis is Chairman of the Foundation for Global Skin Health Strategies and Consultant to the Laboratory of Investigative Dermatology at Rockefeller University.