Seeking Turnaround, Myrexis Taps Two New Execs

Rather than pursue a sale, Myrexis will obtain revenue-generating drugs that it feels are underperforming in other hands. Until it chooses an asset to acquire, it will operate as a virtual company.

Three months after suspending development of its cancer drug pipeline and seeking a buyer, Myrexis Inc. has hired two seasoned executives to turn around the company by acquiring and marketing underperforming commercial-stage assets.

On May 11, the Salt Lake City-based company introduced Richard B. Brewer as its new chief executive officer and David...

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