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Questcor Pharmaceuticals Responds to Questions From Investor Blog
Date:1/16/2012

tudy to a hedge fund manager, who now faces insider-trading charges as a result.)

Questcor Response:  The retrospective case series publication by Bomback et al was Dr. Bomback's own evaluation initiated by him as an independent investigator and, as such, the results of Dr. Bomback's case series were not subject to Questcor control. 

20. Why did Dr. Jason Zielonka resign as the chief medical officer of Questcor just eight months after he accepted that job? Who serves in that position today? Does the current chief medical officer report directly to the CEO (as Zielonka did in the past)? If not, whom does he report to instead? 

Questcor Response:  All companies have some executive turnover, and Questcor does not believe that its level of turnover has been different from industry norms.  Questcor does not comment on the career plans of departing executives. Dr. Zielonka's hiring and subsequent resignation were disclosed publicly via SEC Form 8-k in a timely and appropriate manner. Questcor continues to wish Dr. Zielonka the very best in his professional endeavors.  At this time we do not have a CMO within Questcor. We do have one physician in the Company who is Director of Clinical Research and two physicians who are active consultants. These three physicians together fulfill the many roles in Questcor that require medical expertise.  All of these individuals report to the Chief Scientific Officer.

21. Why have Questcor insiders sold so much stock in recent months?

Questcor Response:  Questcor does not comment on individual trading activity in its stock.  The Company has previously disclosed in SEC filings that its CEO entered into a Rule 10b5-1 trading plan in the second quarter of 2011 and has executed that plan on a monthly basis since its initiation.  Questcor further notes that the price of its stock has increased from 65 cents per share on May 18, 2
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SOURCE Questcor Pharmaceuticals, Inc.
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