Tuesday, March 21, 2006

NitroMed - Nearer the top - nearer the door!

NitroMed said early Tuesday that its chief executive officer and chief financial officer have both resigned.

In a release, the cardiac drug maker said that Michael Loberg has stepped down from his positions as president, chief executive officer and as a director, effective immediately.

NitroMed's chief financial officer, Lawrence Bloch, has also left the company.

The company have given no reason for the resignations.

Insider awaits your enlightening emails: pharmagossip@hotmail.co.uk

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