On January 11, 2017, venBio Select Advisor LLC sent a letter to Immunomedics, Inc. stockholders in connection with venBio’s nomination of 4 candidates: Scott Canute, Peter Barton Hutt, Khalid Islam, and Behzad Aghazadeh for election to the Company’s Board of Directors at the upcoming 2016 annual meeting of stockholders, which is scheduled to be held on February 16, 2017. In the letter, venBio urged the shareholders of the Company to vote for its 4 director nominees at the annual shareholders meeting scheduled to be held on February 16, 2017.