May 16, 2007 Mr. Howard H. Pien Cherry Hill, New Jersey 08003 Dear Howard:Medarex Inc • May 16th, 2007 • Services-commercial physical & biological research • New Jersey
On behalf of the Board of Directors and all employees of Medarex, I am very pleased to offer you the position of President and Chief Executive Officer, reporting to the Board of Directors. Subject to your agreement, this letter sets forth the terms of your employment by Medarex.
