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Cipher Pharmaceuticals Announces Management Change & Preliminary Q2 Financial Highlights
Cipher Pharmaceuticals Announces Management Change & Preliminary Q2 Financial Highligh...
About this update from Cipher Pharmaceuticals Inc.
[{"type":"text","content":"\n\n\n\nCipher Pharmaceuticals Announces Management Change & Preliminary Q2 Financial Highlights\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCipher Pharmaceuticals Announces Management Change & Preliminary Q2 Financial Highlights\nCanada NewsWire\nMISSISSAUGA, ON, July 29, 2019\n\n\n\nCompany also forms Special Committee\n MISSISSAUGA, ON, July 29, 2019 /CNW/ - Cipher Pharmaceuticals Inc. (TSX:CPH) (\"Cipher\" or \"the Company\") today announced that Mr. Craig Mull has been named Interim Chief Executive Officer of Cipher, replacing Robert Tessarolo. The Company has commenced a formal search process for a new Chief Executive Officer. \nMr. Mull is the Chair of the Board of Directors of Cipher and has extensive experience in the Canadian healthcare industry, including holding the position of COO with CML HealthCare, where he was responsible for the day-to-day operations. During his tenure at CML, Mr. Mull was part of a small executive team that grew the company from a market cap of $100 million to over $1.2 billion. Mr. Mull also played an integral role in planning and structuring Cipher's initial public offering as it was spun out of CML. \n\"I look forward to working closely with the team to execute on our near-term priorities, including the continued focus on cost optimization and improving profitability,\" said Mr. Mull. \"I would like to thank Robert for his contributions to Cipher and we wish him all the best in his future endeavors.\" \nPreliminary Financial Highlights for Q2 2019\nThe Company also provided preliminary estimates of its financial results for the three months ended June 30, 2019.  The complete financial statements will be released on Aug 9, 2019. These preliminary financial results are subject to completion of Cipher's customary quarterly closing and review procedures. Unless otherwise noted, all figures are in U.S. currency. \nThe Company expects the following results for Q2 2019:\nTotal revenue in the range of $5.4 million to $5.6 million, compared with $6.95 million in Q2 2018. Earnings per share in...