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Alfacell Corporation



Alfacell Announces Management Update



December 26th, 2008

Alfacell Corporation (NASDAQ:ACEL) announced that Lawrence A. Kenyon, its president, chief financial officer and corporate secretary, will resign as an employee of Alfacell as of today. Mr. Kenyon will remain on the board of directors of Alfacell and will also serve as acting president, chief financial officer and corporate secretary until at least January 31, 2009. Mr. Kenyon has accepted a full time position as executive vice president of finance at Par Pharmaceutical, Inc., effective December 15, 2008.

In addition, the company has also announced that it will undertake a cost reduction program focused on reducing and/or eliminating all development program and...


Source: Health Business Week (2008-12-26)

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