LOS ANGELES--(BUSINESS WIRE)--Grant Life Sciences Inc. (OTC Bulletin Board: GLIF) announced today that Donald W. Rutherford, the Company’s chief financial officer, will retire on March 31, 2007. His replacement, effective April 1, 2007, will be Steven K. Passey. However, Mr. Rutherford will serve as a consultant to the Company for the next two years.