But CFO Marshall has lost the faith:
>>Panacos Announces Management Changes
Monday September 24, 4:02 pm ET
WATERTOWN, Mass.--(BUSINESS WIRE)--Panacos Pharmaceuticals, Inc. (NASDAQ:PANC - News), a biotechnology company dedicated to developing the next generation of antiviral therapeutic products, today announced the resignation of Peyton J. Marshall as Executive Vice President and Chief Financial Officer to pursue other opportunities and outside personal interests. The Company has initiated a search for a new CFO. In the interim, Robert Pelletier, VP Finance will assume responsibilities as Acting Principal Accounting Officer as he has done in the past for Panacos and at other public companies. "I thank Peyton on behalf of the Panacos team for his significant contributions to the Company, especially for taking on the role of Acting CEO after the tragic passing of Skip Ackerman in June 2006 and wish him all the best in his future endeavors," commented Dr. Alan W. Dunton, Panacos' President and CEO. "I also want to thank Bob Pelletier, a skilled finance executive, for taking on additional interim responsibilities," added Dr. Dunton. "Bob joined us in August 2006 stepping in as VP, Finance as well as Acting Principal Accounting Officer."
Dr. Dunton concluded, "We continue to move forward with the development of bevirimat for HIV. We have promising data from the first two cohorts of HIV treatment resistant patients in the 2b dose-finding trial of this novel HIV maturation inhibitor. We expect to have data from the 300 mg cohort early in the fourth quarter and also now have two new liquid formulations suitable for long term dosing."<<
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Cheers, Tuck |
