follow us:Google+ FacebookLinkedInTwitterRSS Feeds

advertisement

Board shakeup at pharmaceutical firm

By

Back to Top Comments Email Print

Latest News

advertisement

QRxPharma, an Australian company that has its U.S. headquarters in Bedminster, announced Wednesday that four board members, including the chairman, have resigned.

The resignations of Chairman Dr. Peter Farrell and director Dr. Gary Pace were effective Wednesday, ahead of the company’s general meeting, while those of directors Peter Campbell and Michael Quinn were effective Friday.

The resignations follow the U.S. Food and Drug Administration’s nonapproval letter for the company’s Moxduo new drug application on May 27.

"It has been an honor serving as QRxPharma chairman and I certainly share the frustration of shareholders with respect to the development of Moxduo and interactions with the FDA," Farrell said in a statement. "Speaking for the entire outgoing board, I am satisfied we are leaving the Company in a strong position to continue under the direction of the new board.”

ALSO ON NJBIZ:

Suddenly, developer is flush with industrial space

Pharma company completes headquarters move from Houston to Morristown

Casino closings: How low will it go? Insiders wonder which ones will survive in A.C.

Share This Story On:
Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
advertisement
  
  
advertisement
  
  
advertisement
Back to Top