Targent Inc. Announces Resignation Of CEO

Published: Jul 06, 2006

PRINCETON, NJ., June 30/ -- With the acquisition of Targent Incorporated’s oncology assets by Spectrum Pharmaceuticals Inc., Irvine, California, (Nasdaq:SPPI) Targent announced that Patrick Maguire, MD, PhD, has resigned as Chief Executive Officer and Director. Dr. Maguire, 52, will pursue other business opportunities. He currently serves as a Director of Hemolife Medical Inc. in San Clemente, California.

Targent Incorporated (www.targent.com) is a privately held specialty pharmaceutical company focused on acquiring and developing late stage oncology compounds. Targent Incorporated was founded in 2001 by Robert Johnston and Seth Lederman, MD, and has its corporate offices in Princeton, New Jersey.

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