MEI Pharma confirms receipt of director nominations from Anson and Cable Car

MEI Pharma issued the following statement regarding the nomination of three director candidates by Anson Advisor and Cable Car Capital to stand for election to the Company’s Board of Directors at MEI’s fiscal year 2024 Annual Meeting of Stockholders. MEI, a clinical development company dedicated to bringing new treatments to patients with cancer, is nearing a significant moment in the Company’s history. We are making important progress advancing two promising clinical-stage pipeline programs – voruciclib and ME-344 – and we have important inflection points with readouts of clinical data expected during the first half of 2024 from both of our programs. With the progression of our development pipeline, promising early clinical data and capital to support our near-term development plans, MEI is well positioned to create value for stockholders and deliver improved therapeutic options to patients. Over the last several months, Anson and Cable Car have been running an opportunistic campaign to take control of the Company without paying what the Board believes is an appropriate premium to do so. It is clear from discussions members of our Board and management team have had with Anson and Cable Car during that time, that they have a single-minded agenda to obtain the Company’s cash now without paying a premium, regardless of the opportunity cost to the MEI’s development programs and other stockholders. The MEI Board will review the Anson and Cable Car nominees in accordance with the Company’s corporate governance guidelines and principles and its fiduciary duties to all stockholders. The MEI Board of Directors and management team will continue to take actions that it believes represent the best interest of ALL MEI stockholders. The MEI Board will present its recommendation with respect to the election of directors in the Company’s proxy statement, which will be filed with the Securities and Exchange Commission and mailed to all stockholders eligible to vote at the Company’s fiscal year 2024 Annual Meeting of Stockholders.