- Stephen R. Seiler Resigns as President and CEO -
DALLAS, Dec. 26 /PRNewswire-FirstCall/ -- Access Pharmaceuticals, Inc. (OTC Bulletin Board: ACCP) announced today that current Chairman Jeffrey B. Davis has been appointed to the additional role of CEO. Stephen R. Seiler has resigned as President and CEO of the Company for health reasons. Mr. Seiler has also resigned from the Board of Directors.
"I believe that Access has an exciting future with ProLindac(TM), MuGard(TM), and the Cobalamin Vitamin B-12 oral delivery technology. The Company is positioned well for 2008 to be an eventful year. Access has been a rewarding experience and I am proud of what has been achieved during the past year," noted Mr. Seiler.
The Board of Directors has appointed Jeffrey B. Davis, the Chairman of the Board, as the CEO. Mr. Davis said, "On behalf of the Board of Directors and the entire Access team, I want to thank Steve for his efforts and achievements at Access this year, including the continued clinical development of ProLindac, a signing of a European partnership for MuGard, and the recently completed financing." Mr. Davis added, "I am excited about Access' prospects in 2008 and beyond, and look forward to working with the organization to build on recent achievements. Key among them is the continued development of our novel DACH platinum ProLindac, which is in a Phase 2 trial and will initiate multiple additional clinical trials next year, to complete ongoing partnering efforts and seek new partners for ProLindac, MuGard, and Cobalamin-enhanced products and platforms, and to actively expand our shareholder base."
About Access: Access Pharmaceuticals, Inc. is a biotechnology company
that leverages its proprietary nano-polymer chemistry expertise to develop
proprietary products. Access' products include ProLindac(TM), a novel DACH
platinum drug that is currently in Phase 2 clinical testing of patients
with ovarian cancer and MuGard(TM) for
|SOURCE Access Pharmaceuticals, Inc.|
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