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Kadmon Holdings board chairman steps down

Kadmon Holdings Inc. said Bart Schwartz, the chairman of company's board, has resigned due to increasing responsibilities at his charitable commitments.

Schwartz was recently elected as the chairman of the New York board of All Stars Project, a national youth nonprofit organization. He also serves as the director of Police Athletic League, New York City's largest independent youth nonprofit organization.

According to New York-based Kadmon Holdings, the search for the new chairman is underway.

Kadmon Holdings develops therapies for inflammatory and fibrotic diseases.