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IGI Laboratories, Inc. (IG) has named Hem Pandya its new President and Chief Executive Officer, effective June 29, 2009. Joyce Erony, the Company's Chairwoman of the Board, will act as Interim President and Interim CEO until such date. Effective immediately, Rajiv Mathur has resigned as Chief Executive Officer and President and as a member of the Board of Directors. Mr. Pandya was appointed to the Board of Directors to fill the position vacated by Mr. Mathur's resignation. Mr. Pandya is currently employed as Chief Operating Officer of NexMed Inc. Previously, Mr. Pandya was Senior Vice President of Business Development and Strategic Alliances for Andrx Pharmaceuticals, Inc. Mr. Pandya served as Vice President of Corporate Development and Commercial Operations for Able Laboratories, Inc. He also served in various senior management roles with Ivax Pharmaceuticals, Inc. and Faulding/Purepac Pharmaceutical Company (subsequently Alpharma, Inc.). KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC. ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information. If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx For full details for IG click here.
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