Moncef Slaoui, former chief scientist of Operation Warp Speed during the Trump administration, was fired as Galvani Bioelectronics’ board chairman over “substantiated” sexual harassment allegations by a woman.
- Galvani Bioelectronics is a medical research company focused on developing bioelectronic medicines for the treatment of chronic diseases.
- It was formed through a partnership by GlaxoSmithKline plc GSK and Verily Life Sciences, a Google parent Alphabet, Inc’s GOOG GOOGL subsidiary.
- Slaoui’s termination by the majority shareholder, GlaxoSmithKline, came after a letter “containing allegations of sexual harassment and inappropriate conduct towards an employee of GSK that was sent in February.
- That conduct “occurred several years ago when he was an employee of GSK,” the statement said.
- “Upon receipt of the letter, the GSK Board immediately initiated an investigation with an experienced law firm to investigate the allegations,” GSK said.
- “The investigation of Dr. Slaoui’s conduct substantiated the allegations and is ongoing.”
- Slaoui, in January, submitted his resignation as Operation Warp Speed chief advisor to the then-incoming administration of President Joe Biden.
- Christopher Corsico, senior vice president of development at GSK and a current member of Galvani’s board, was appointed as the new chairman of Galvani.
- Price Action: GSK shares are trading 0.32% lower at $35.88 in market trading hours on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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