Australia-based QRxPharma (ASX: QRX and OTCQX: QRXPY) has announced that John Holaday has stepped down as Managing Director and Chief Executive Officer.
The Company's Board of Directors has appointed Dr Edward Rudnic to Chief Executive Officer with immediate effect. Dr Rudnic has been QRxPharma's Chief Operating Officer since early 2012.
"This change in leadership was set by mutual agreement to address the challenges facing the Company," said Peter Farrell, Chairman of the Board, QRxPharma. "We thank John for his seven years of service, dedication and pursuit of bringing to market safer therapies, like Moxduo, for the management of pain."
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