SOUTH SAN FRANCISCO, Calif. (AP) — Development-stage biotechnology company Oxigene Inc. said Monday that supply-side economist Arthur Laffer has resigned from its board effective immediately.
Oxigene said Laffer left to pursue other interests after serving on the board since 1998.
Laffer is best known for being an economic policy adviser to President Reagan. He is chairman of Laffer Investment and sits on the boards of other public and private companies.
"Over the past 12 years Art Laffer has made many significant contributions to Oxigene and provided excellent counsel and support," Oxigene Chairman William Shiebler said in a press release.