Business
Citius Pharmaceuticals Announces Nomination of Pharmaceutical Executive Robert J. Smith to its Board of Directors
Independent Director nominee expected to be elected at Annual Shareholders' Meeting in March 2024 CRANFORD, N.J., Jan. 23, 2024 /PRNewswire/ -- Citius
About this update from Citius Pharmaceuticals, Inc.
[{"type":"text","content":"Independent Director nominee expected to be elected at Annual Shareholders' Meeting in March 2024\nCRANFORD, N.J., Jan. 23, 2024 /PRNewswire/ -- Citius Pharmaceuticals, Inc. (\"Citius\" or the \"Company\") (Nasdaq: CTXR), a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products today announced the nomination of seasoned pharmaceutical executive Robert J. Smith to its Board of Directors. The nomination of Mr. Smith is subject to shareholder approval at the Citius Annual Shareholders' Meeting to be held on March 12, 2024. Upon approval, the Citius Board of Directors will consist of seven members.\n\"Throughout his distinguished career spanning more than three decades as a key executive at leading pharmaceutical companies including Pfizer and Wyeth, Bob has been instrumental in driving business growth and enhancing shareholder value. He has shaped and executed numerous successful business strategies with his deep understanding of business development, mergers and acquisitions, corporate and commercial strategy, and research and development. We are privileged to have an executive of Bob's caliber join our Board of Directors. We are confident that Bob's insights will complement the expertise of our current Board and provide an important perspective as we advance our pipeline, build our commercial capabilities, and position Citius for growth,\" stated Leonard Mazur, Chairman and CEO of Citius.\n\"This is a pivotal time for Citius as it prepares to transition from a clinical-stage company to a commercial organization. I am excited to work with talented executives guided by improving patient care and mindful of shareholder interests. As the Company makes progress in its late-stage development programs, I look forward to partnering with fellow members of the Board of Directors alongside Citius management to evaluate the multiple value-creating opportunities ahead,\" stated Mr. Smith.\nMr. Smith is an accomplished biopharmaceutical executive who has driven commercial, financial, and operational success at leading pharmaceutical companies for more than 35 years. As Senior Vice President, Global Gene Therapy Business for the past eight years, Mr. Smith led Pfizer's global gene therapy business and he was also responsible for managing and leading Pfizer's gene therapy ...