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Horizon Discovery Group director steps down

U.K.-based Horizon Discovery Group PLC said Jonathan Milner was stepping down from its board.

Milner, who had been on the gene-editing services provider's board for a decade, is leaving to "free more time to concentrate on my other interests."

As of May 15, Milner owned about 7.25% of Horizon Discovery and 10.21% of British biotech company Abcam Plc.

Abcam recently dropped its bid to acquire Horizon Discovery for £270 million, an unsolicited proposal that Horizon said undervalued the company.

Milner was not involved in the discussions for the proposal.