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Message: AlphaRx Terminates Its Chief Scientist and Chief Medical Officer for Cause

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AlphaRx Terminates Its Chief Scientist and Chief Medical Officer for Cause

posted on Jun 02, 11 08:02AM

AlphaRx Terminates Its Chief Scientist and Chief Medical Officer for Cause

Press Release Source: AlphaRx Inc. On Wednesday June 1, 2011, 4:00 pm EDT HONG KONG, June 1, 2011 /PRNewswire/ - AlphaRx Inc. (OTC BB:ALRX.OB.ob - News) announced today that the Board of Directors of the Company has terminated Dr. Joseph Schwarz and Dr. Michael Weisspapir, the Chief Scientist and the Chief Medical Officer of the Company respectively, for violations of the Company's policies and procedures. The Company has reserved any and all legal recourse against Drs. Schwarz and Weisspapir. The Company also announced that it will promptly begin a search for a new Chief Scientist.

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