March 7 Innoviva Inc said on Tuesday
activist investor Sarissa Capital Management LP had nominated a
slate of directors to replace a majority of the company's board.
Innoviva, formerly Theravance Inc, urged shareholders to
vote for its recommended seven nominees, adding Sarissa had
provided no rationale for its actions nor proposed a new
Sarissa Capital Management LP is a hedge fund run by
billionaire investor Carl Icahn's former healthcare lieutenant.
(Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by