13D Filing: VenBio Select Advisor and Immunomedics Inc (NASDAQ:IMMU)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
VENBIO SELECT ADVISOR 10,488,076 0 10,488,076 0 10,488,076 9.9%
BEHZAD AGHAZADEH 10,488,076 0 10,488,076 0 10,488,076 9.9%

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Page 1 of 5 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*

Immunomedics,
Inc.

(Name of Issuer)

Common Stock,
$0.01 par value per share

(Title of Class of Securities)

452907108

(CUSIP Number)
Scott Epstein
c/o venBio Select Advisor LLC
120 West 45th Street, Suite 2802
New York, NY 10036
(212) 937-4970
Eleazer Klein, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022

(212) 756-2000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

March 15,
2017

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e),
Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]

(Page 1 of 5 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

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Page 2 of 5 – SEC Filing

1

NAME OF REPORTING PERSON

VENBIO SELECT ADVISOR LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

10,488,076 shares of Common Stock

8

SHARED VOTING POWER

-0-

9

SOLE DISPOSITIVE POWER

10,488,076 shares of Common Stock

10

SHARED DISPOSITIVE POWER

-0-

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,488,076 shares of Common Stock

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.9%

14

TYPE OF REPORTING PERSON

OO, IA

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Page 3 of 5 – SEC Filing

1

NAME OF REPORTING PERSON

BEHZAD AGHAZADEH

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

10,488,076 shares of Common Stock

8

SHARED VOTING POWER

-0-

9

SOLE DISPOSITIVE POWER

10,488,076 shares of Common Stock

10

SHARED DISPOSITIVE POWER

-0-

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,488,076 shares of Common Stock

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.9%

14

TYPE OF REPORTING PERSON

IN

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Page 4 of 5 – SEC Filing

This Amendment No. 2 (“Amendment No. 1”) amends
the statement on Schedule 13D filed on November 16, 2016 (the “Original Schedule 13D”), as amended
by Amendment No. 1 filed with the SEC on February 15, 2017 (“Amendment No. 1,” and the Original Schedule 13D
as amended hereby, the “Schedule 13D”) with respect to the shares of common stock, $0.01 par value per share
(the “Common Stock”), of Immunomedics, Inc., a Delaware corporation (the “Issuer”). Capitalized
terms used herein and not otherwise defined in this Amendment No. 2 have the meanings set forth in the Schedule 13D. This Amendment
No. 2 amends Item 4 as set forth below.

 

Item 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

On March 15, 2017, the Reporting Persons were notified that, pursuant
to a status quo order issued by the Delaware Chancery Court in connection with Goldenberg, et al. v. Aghazadeh, et al. (C.A.
No. 2017-0163-JTL), Dr. Aghazadeh, Scott Canute, Peter Barton Hutt, and Khalid Islam constitute the board of directors of the Issuer
alongside three other directors elected by a plurality of the votes cast at the 2016 annual meeting of stockholders of the Issuer.
Dr. Aghazadeh also serves as Portfolio Manager and Manager Director of venBio Select Advisor LLC.

The Reporting Persons intend to support the Issuer, and,
to the extent requested by the Issuer, the Reporting Persons may, from time to time, engage in discussions related to, or otherwise
help facilitate, financing options for the Issuer, strategic alternatives available to the Issuer, or strategic transactions involving
the Issuer.

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Page 5 of 5 – SEC Filing

SIGNATURES

After reasonable inquiry and to the best
of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: March 17, 2017

venBio Select Advisor LLC
/s/ Scott Epstein
Name: Scott Epstein
Title: Chief Financial Officer
& Chief Compliance Officer
/s/ Behzad Aghazadeh
BEHZAD AGHAZADEH

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