SCOLR Pharma, Inc. Announces Resignation of CEO Daniel O. Wilds
17 December 2008 - 12:30AM
PR Newswire (US)
BOTHELL, Wash., Dec. 16 /PRNewswire-FirstCall/ -- SCOLR Pharma,
Inc. (NYSE Alternext: DDD) today announced that Daniel O. Wilds had
resigned as Chief Executive Officer of the Company and as a member
of its Board of Directors effective December 12, 2008. Michael N.
Taglich, Chairman of the Board of SCOLR Pharma, said, "On behalf of
the Board of Directors and SCOLR's entire organization, I would
like to thank Dan for his more than five years of vision and
leadership. We are focused on advancing our extended release CDT(R)
ibuprofen towards an FDA submission in 2009. We believe we are well
positioned to achieve advantageous alliances with major
pharmaceutical companies and other potential partners. We continue
to manage our cash to maximize resources appropriately in the
current environment. Our development work continues on a positive
track and I believe that advancing our core proprietary clinical
programs will result in increased shareholder value and make us a
stronger organization." The Company will be managed by its existing
executive management team on an interim basis. About SCOLR Pharma
Based in Bothell, Washington, SCOLR Pharma, Inc. is a specialty
pharmaceutical company. SCOLR Pharma's corporate objective is to
combine its formulation expertise and its patented CDT platform to
develop novel pharmaceutical, over-the-counter (OTC), and
nutritional products. Our CDT drug delivery platform is based on
multiple issued and pending patents and other intellectual property
for the programmed release or enhanced performance of active
pharmaceutical ingredients and nutritional products. For more
information on SCOLR Pharma, please call 425.368.1050 or visit
http://www.scolr.com/. This press release contains forward-looking
statements (statements which are not historical facts) within the
meaning of the Private Securities Litigation Reform Act of 1995,
including without limitation statements related to the timing and
success of our products under development and the potential for
alliances. These forward-looking statements involve risks and
uncertainties, including activities, events or developments that we
expect, believe or anticipate will or may occur in the future. A
number of factors could cause actual results to differ from those
indicated in the forward-looking statements, including our ability
to successfully develop new formulations and complete research and
development, including pre-clinical and clinical studies, our
ability to raise additional funds, the continuation of arrangements
with our product development partners and customers, competition,
government regulation and approvals, and general economic
conditions. For example, if our clinical trials are not successful
or take longer to complete than we expect, we may not be able to
develop and commercialize our products and we may not obtain
regulatory approval for our products, which would materially impair
our ability to generate revenue. Additional assumptions, risks and
uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission. Such filings are available on our website or
at http://www.sec.gov/. You are cautioned that such statements are
not guarantees of future performance and that actual results or
developments may differ materially from those set forth in the
forward-looking statements. We undertake no obligation to publicly
update or revise forward-looking statements to reflect subsequent
events or circumstances. Contacts: Investor Relations: Cameron
Associates Kevin McGrath 212.245.4577 DATASOURCE: SCOLR Pharma,
Inc. CONTACT: Investor Relations: Kevin McGrath of Cameron
Associates, +1-212-245-4577, , for SCOLR Pharma, Inc. Web Site:
http://www.scolr.com/
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