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Catalyst Pharmaceutical Partners, Inc. Announces Organizational Changes and Extension of Chief Executive's Employment Agreement
Date:10/13/2009

CORAL GABLES, Fla., Oct. 13 /PRNewswire-FirstCall/ -- Catalyst Pharmaceutical Partners, Inc. (Nasdaq: CPRX) today announced two organizational changes and the extension of the term of Patrick J. McEnany's employment agreement with the Company for an additional two years.

Organizational Changes

The Company announced that Steven R. Miller, Ph.D. and Jack Weinstein will assume expanded responsibilities:

  • Dr. Miller, currently Catalyst's Vice President, Pharmaceutical Development and Project Management, will assume additional duties as Catalyst's Chief Scientific Officer; and
  • Mr. Weinstein, currently Catalyst's Vice President, Treasurer and Chief Financial Officer, will assume formal responsibility for Catalyst's business development activities.

Commenting on these organizational changes, Patrick J. McEnany, the Company's Chairman and Chief Executive Officer, said, "As we enter into a new phase of development at Catalyst, I am pleased to announce Steve and Jack's expanded roles. As a result of our license agreement with Northwestern University, we are now seeking to develop additional products. These products may be developed in several dosage forms and address expanded CNS indications, beyond addiction and obsessive-compulsive disorders, including epilepsy. As our Chief Scientific Officer, Steve will take an expanded role in all of our product development activities, and particularly on new product development and expanding our intellectual property portfolio. In addition, Jack's role in the management of the Company has now been expanded to include responsibility and oversight for our business development activities, as we seek to attract partnering opportunities for our product candidates."

Extension of Employment Agreement of Company's Chief E
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SOURCE Catalyst Pharmaceutical Partners, Inc.
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