Biotech settles with fired CEO for $4 million

Article Abstract:

San Diego, Calif.-based Avanir Pharmaceuticals, which is a biotechnology company, has announced a settlement with its former chief executive David Katz. The agreement, which is valued at about $4 million in stock and cash, settles Katz's claim that Avanir damaged his reputation with defamatory statements.

AVANIR Pharmaceuticals, AVNR

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American Home acts to end suits and save merger

Article Abstract:

American Home Products Corp., which is anxious to preserve its proposed merger with Warner-Lambert Co., decided to settle lawsuits related to its diet drug fen-phen. The settlements cover 1,400 lawsuits in Mississippi.

Mississippi

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American Home taps president to be CEO

Article Abstract:

American Home Products Corp. (Madison, NJ) will elevate current president Robert Essner to chief executive officer on May 1, 2001.

Executive changes & profiles

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