SCOLR Pharma, Inc. Appoints Stephen J. Turner as CEO
31 August 2009 - 5:43PM
PR Newswire (US)
BOTHELL, Wash., Aug. 31 /PRNewswire-FirstCall/ -- SCOLR Pharma,
Inc. (NYSE Amex: DDD) announced the appointment of Stephen J.
Turner as Chief Executive Officer and President as of August 31,
2009. The employment of Dr. Bruce S. Morra in these positions
terminated on August 28 by mutual agreement. Dr. Morra will
continue to serve as a director of the Company. Mr. Turner has been
Vice President and Chief Technical Officer of SCOLR since 2003 and
has been instrumental in development of SCOLR's proprietary
Controlled Delivery Technology (CDT ). Mr. Turner said "SCOLR plans
to continue efforts to license our 12 hour 600 mg ibuprofen
formulation and we are advancing discussions with potential
partners. In addition, we are making progress on our program to
gain approval for our extended release pseudoephedrine. In the
short term, we will direct efforts to increase distribution and
sales of our nutraceutical products both in the area of providing
new products and expanding into new areas." Michael Taglich,
Chairman of the Board, said, "Steve Turner is a natural leader and
I am confident we will succeed with him at the helm. He has
tremendous knowledge of the drug delivery and formulation business
and has the right combination of skills to take this company to the
next level. I also want to thank Bruce Morra for stepping in when
he did. Bruce has helped guide us in advancing discussions with a
number of potential partners that could significantly enhance
shareholder value. We look forward to Bruce's continued presence as
a member of the Board going forward." About SCOLR Pharma: Based in
Bothell, Washington, SCOLR Pharma, Inc. is a specialty
pharmaceutical company. SCOLR Pharma's corporate objective is to
combine its formulation expertise and its patented CDT platform to
develop novel pharmaceutical, over-the-counter (OTC), and
nutritional products. Our CDT drug delivery platforms are based on
multiple issued and pending patents and other intellectual property
for the programmed release or enhanced performance of active
pharmaceutical ingredients and nutritional products. For more
information on SCOLR Pharma, please call 425.368.1050 or visit
http://www.scolr.com/. This press release contains forward-looking
statements (statements which are not historical facts) within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve risks and uncertainties,
including activities, events or developments that we expect,
believe or anticipate will or may occur in the future. A number of
factors could cause actual results to differ from those indicated
in the forward-looking statements, including our ability to advance
development of our potential products and complete research and
development, our ability to raise additional funds or enter
strategic alliances, the continuation of arrangements with our
product development partners and customers, competition, government
regulation and approvals, and general economic conditions..
Additional assumptions, risks and uncertainties are described in
detail in our registration statements, reports and other filings
with the Securities and Exchange Commission. Such filings are
available on our website or at http://www.sec.gov/. You are
cautioned that such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those set forth in the forward-looking statements.
We undertake no obligation to publicly update or revise
forward-looking statements to reflect subsequent events or
circumstances. Contact: Stephen Turner SCOLR Pharma, Inc. (425)
368-1050 ext. 1080 DATASOURCE: SCOLR Pharma, Inc. CONTACT: Stephen
Turner, SCOLR Pharma, Inc., +1-425-368-1050, ext. 1080, Web Site:
http://www.scolr.com/
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