The company announced that on August 16, Jaisim Shah informed the Scilex (SCLX) Board of Directors that he would resign as CEO and President of Scilex, effective August 17. Henry Ji, Ph.D., who currently serves as Executive Chairman of Scilex, was appointed as Scilex’s new CEO and President and has assumed all of the duties formerly performed by Jaisim Shah. Jaisim Shah will continue to serve on the Board of Directors of Scilex. Jaisim Shah will now dedicate his time on a full-time basis to his continued service as CEO and President of Semnur. In 2013, Shah co-founded Semnur, and he has served as its CEO and President through the acquisition of Semnur by Scilex in 2019 and continues to serve in this position.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCLX:
- Scilex unit, Denali enter purchase agreement for $20M private placement
- Scilex says registration statement on Form S-4 declared effective by SEC
- Scilex files to sell 1.39M shares of common stock for holders
- Scilex’s Semnur Amends Merger Agreement with Denali
- Scilex Holding’s New Stock Purchase Agreement with Tumim