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Arcturus Founder Reinstated As CEO As Settlement Ends Four-Month Feud With Former Board

 
• By Mandy Jackson

The unexpected firing of Arcturus CEO Joseph Payne kicked off a bitter public battle for control of the RNA therapeutics firm after a reverse merger with Alcobra in November. The dispute now settled, the new board has reinstated Payne at Arcturus' helm.

Two businessmen shaking hands during a meeting in the office, success, dealing, greeting & business partner concepts - soft light.

The four board members who voted Arcturus Therapeutics Inc. founder Joseph Payne out of the RNA drug development firm at the end of January have been replaced under a settlement between the executive and the company announced May 29. And now, as of May 31, Payne has been reinstated as president and CEO, four months after he was unexpectedly fired.

Payne, who is Arcturus' largest shareholder with a 13.7% stake in the San Diego-based company, has demanded since the beginning...

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