Titan Pharmaceuticals, Inc. announced that the pursuant to the Purchase Agreement, David Lazar and Peter Chasey submitted their resignations from the Company?s Board of Directors, which resignations are effective immediately upon the appointment of two replacement directors to fill the vacancies. The resignations were not the result of any disagreements with the Company relating to the Company?s operations, policies or practices. Mr. Lazar will remain with the Company as Chief Executive Officer.
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