Adolor Corp. (MM) (NASDAQ:ADLR)
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Adolor Corporation (Nasdaq:ADLR) announced today that Robert T. Nelsen
is retiring from his role as a member of the Board of Directors of
Adolor Corporation effective May 21, 2008. Mr. Nelsen is a founder of
Adolor and has served on the Board of Directors since its inception.
“We thank Bob for his outstanding dedication,
service and contribution to Adolor,” said
David M. Madden, chairman of the Adolor Board of Directors. “Bob
has been instrumental over the past 15 years in helping to take Adolor
from an idea to one of the few emerging pharmaceutical companies to have
made the transition from research to commercialization.”
“With the recent FDA approval of Entereg®
in postoperative ileus, Bob’s vision that
novel science in the area of opioid receptors would someday improve
patient care is now a reality,” said Michael
R. Dougherty, Adolor chief executive officer. “We
are grateful to Bob for sharing his wisdom, experience and leadership
with us for all these years, and wish him continued success in his
future business endeavors.”
About Adolor Corporation
Adolor Corporation (Nasdaq:ADLR) is a biopharmaceutical company
specializing in the discovery, development and commercialization of
novel prescription pain management products. By applying its knowledge
and expertise in pain management, along with ingenuity, Adolor is
seeking to make a positive difference for patients, caregivers and the
medical community. For more information, visit www.adolor.com.
This release, and oral statements made with respect to information
contained in this release, may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements include those which express
plan, anticipation, intent, contingency, goals, targets or future
development and/or otherwise are not statements of historical fact. These
statements are based upon management's current expectations and are
subject to risks and uncertainties, known and unknown, which could cause
actual results and developments to differ materially from those
expressed or implied in such statements. Information about risks
and uncertainties may be found in Adolor's Reports on Form 8-K, 10-Q and
10-K filed with the U.S. Securities and Exchange Commission. Adolor
urges you to carefully review and consider the disclosures found in its
filings which are available in the SEC EDGAR database at http://www.sec.gov
and from Adolor at http://www.adolor.com.
Given the uncertainties affecting pharmaceutical companies in the
development stage, you are cautioned not to place undue reliance on any
such forward-looking statements, any of which may turn out to be wrong
due to inaccurate assumptions, unknown risks, uncertainties or other
factors. Adolor undertakes no obligation to (and expressly
disclaims any such obligation to) publicly update or revise the
statements made herein or the risk factors that may relate thereto
whether as a result of new information, future events, or otherwise.
This press release is available on the website http://www.adolor.com.