ADMP - Adamis Pharmaceuticals names co-founder David Marguglio as CEO
Adamis Pharmaceuticals (NASDAQ:ADMP) on Wednesday said it had appointed co-founder and chief business officer David Marguglio as its new president and CEO. Marguglio replaces Dennis Carlo, who has also stepped down from the board, effective immediately. Carlo led ADMP to three U.S. FDA product approvals. The leadership transition announcement comes two days after ADMP reported a better-than-expected Q1 revenue. ADMP stock down marginally in aftermarket trade. For the year to date, ADMP stock -29.8%.
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Adamis Pharmaceuticals names co-founder David Marguglio as CEO