NexMed Appoints Richard J. Berman As C.E.O.

ROBBINSVILLE, NJ -- (MARKET WIRE) -- 01/12/2006 -- NexMed, Inc. (NASDAQ: NEXM), a developer of innovative transdermal products based on its proprietary NexACT® drug delivery technology, today announced that it has appointed Richard J. Berman, who has served on the Board of Directors since 2002, to serve as Chief Executive Officer of the Company, effective immediately. Mr. Berman's business career spans over 35 years of venture capital, management, and merger and acquisition experience. Vivian Liu, who was appointed Executive Vice President and Acting C.E.O. on December 15, 2005, will continue to serve as Executive Vice President and manage the Company's day-to-day operations.