The following excerpt is from the company's SEC filing.
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On April 5, 2017, Innoviva, Inc. made the following statement:
It is unfortunate Glass Lewis has failed to recognize Innovivas strategy is working, the degree to which its executives play a key role in the ongoing growth of the products and the productive relationship Innoviva has with GSK. It would be a mistake to risk disrupting if not abandoning a strategy that has clearly improved financial performance and delivered value to shareholders in favor of an ill-advised cost-cutting proposal that lacks any strategy to sustain our recent growth in earnings and return of capital to investors.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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