CAMBRIDGE, Mass.--(BUSINESS WIRE)--Biogen Idec Inc. (NASDAQ:BIIB) today announced that, based on a preliminary tabulation by the independent inspector of elections, IVS Associates, Robert W. Pangia, William D. Young, Alexander J. Denner and Richard C. Mulligan have been elected to the Company’s Board of Directors. Their terms take effect upon final certification of the results of the stockholder vote by IVS Associates.
The Company also announced that the preliminary tabulation by IVS Associates confirms stockholders voted to institute majority voting in uncontested elections, ratify the Company’s auditor, and reject proposals to change the Company’s jurisdiction of incorporation to North Dakota and set the size of the Board at 13.
Bruce R. Ross, Biogen Idec’s Chairman, said, “We welcome Alexander Denner and Richard Mulligan to the Board and look forward to working with them to build on Biogen Idec’s strong track record of delivering value.”
About Biogen Idec
Biogen Idec creates new standards of care in therapeutic areas with high unmet medical needs. Founded in 1978, Biogen Idec is a global leader in the discovery, development, manufacturing, and commercialization of innovative therapies. Patients in more than 90 countries benefit from Biogen Idec's significant products that address diseases such as lymphoma, multiple sclerosis, and rheumatoid arthritis. For product labeling, press releases and additional information about the company, please visit www.biogenidec.com.