Cingulate places CEO Schaffer on administrative leave

The Board of Directors of Cingulate (CING) announced that it has placed Chairman and Chief Executive Officer, Shane Schaffer, PharmD, on administrative leave in connection with ongoing legal matters unrelated to the company and its operations. In addition, Jennifer Callahan, Cingulate’s Chief Financial Officer, has been appointed interim CEO to ensure business continuity and operational stability. Callahan will retain her responsibilities as Chief Financial Officer. Current Cingulate board member Jay Roberts has been appointed Executive Chairman.