The Medicines Company Appoints Sarissa Capital Management Exec To Its Board Of Directors

The Medicines Company MDCO announced on Wednesday that it has appointed Dr. Alexander Denner to its Board of Directors.

Denner is the Chief Investment Officer of Sarissa Capital Management, a registered investment advisor. Denner founded the firm in 2012 and prior to that he was a Senior Managing Director at Icahn Capital.

According to Whale Wisdom, Sarissa Capital Management is a major shareholder of The Medicines Company as it owns 1.567 million shares.

Denner also serves as a director of Biogen Inc BIIB and Chairman of Ariad Pharmaceuticals, Inc. ARIA.

"We are very pleased to have Alex join the Board," said Dr. Fredric Eshelman, Chairman of The Medicines Company's Board. "His broad range of experience as a healthcare investor and director, as well as in overseeing the operations and R&D of healthcare companies, will be a tremendous asset to The Medicines Company. We look forward to drawing on Alex's expertise as we continue to execute on our plan."

"Alex has been supportive of The Medicines Company for many years and I am delighted to welcome Alex to the Board," said Dr. Clive Meanwell, Chief Executive Officer. "Alex will no doubt provide valuable insight and guidance as we continue to take decisive actions for the benefit of all shareholders."

Shares of The Medicines Company were trading higher by around 1 percent mid-Wednesday afternoon.