Myrexis

Myrexis is a biopharmaceutical company based in Salt Lake City, Utah, USA. It focused on drug development in several areas of medicine, in particular cancer therapy and auto-immune diseases. It was founded in 1999 as a spin-off from Myriad Genetics[1] and was originally known as Myriad Pharmaceuticals. Richard B. Brewer was its CEO from May 2012 until his death in August 2012.[2][3]

In February 2012 the company announced they had suspended development activity on all of its clinical and preclinical programs and appointed an investment company Stifel Nicolaus Weisel to evaluate strategic alternatives.[4] In November 2012, the board of Myrexis announced that it planned to put the company into liquidation subject to shareholder approval.[5] In January 2013, the board reversed its decision, cancelled the liquidation, declared a special cash distribution to shareholders and appointed Jonathan M. Couchman (chairman of Xselos Holdings) as president and chief executive officer. The remaining members of the board then resigned.[6]

References
  1. Staff (2 July 2009) "Myriad Pharmaceuticals, Inc. Established As An Independent Pharmaceutical Development Company" Pharmaceutical Online, 2 July 2009. Retrieved 26 July 2014
  2. "Richard Brewer". San Francisco Chronicle. 20 August 2012. Retrieved 25 August 2012.
  3. "Myrexis Announces Death of Chief Executive Officer Richard B. Brewer, Trailblazing Biotechnology Industry Veteran and Patient Advocate". Myrexis. Archived from the original on November 5, 2012. Retrieved 15 August 2012.
  4. Staff. "MYRX.PK - Myrexis Inc Profile | Reuters". Reuters. Retrieved 2021-02-05.
  5. Tadena, Nathalie, "Myrexis Board Approves Plan to Liquidate Assets, Dissolve Company", The Wall Street Journal, 9 November 2012. Retrieved 20 January 2013
  6. Myrexis Inc press release:"Myrexis, Inc. Announces the Cancellation of Its Upcoming Shareholder Meeting", carried by Bloomberg, 23 January 2013. Retrieved 26 July 2014
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