0001144204-11-066005.txt : 20111121 0001144204-11-066005.hdr.sgml : 20111121 20111121104820 ACCESSION NUMBER: 0001144204-11-066005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20111117 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111121 DATE AS OF CHANGE: 20111121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APRICUS BIOSCIENCES, INC. CENTRAL INDEX KEY: 0001017491 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 870449967 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22245 FILM NUMBER: 111218058 BUSINESS ADDRESS: STREET 1: 6330 NANCY RIDGE DRIVE, STREET 2: SUITE 103 CITY: SAN DIEGO, STATE: CA ZIP: 92121 BUSINESS PHONE: (858) 222-8041 MAIL ADDRESS: STREET 1: 6330 NANCY RIDGE DRIVE, STREET 2: SUITE 103 CITY: SAN DIEGO, STATE: CA ZIP: 92121 FORMER COMPANY: FORMER CONFORMED NAME: NEXMED INC DATE OF NAME CHANGE: 19970311 8-K 1 v241287_8k.htm FORM 8-K Unassociated Document


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): November 17, 2011
 
Apricus Biosciences, Inc.
(Exact name of registrant as specified in its charter)
 
Nevada
 
0-22245
 
87-0449967
(State or other jurisdiction of
incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)

6330 Nancy Ridge Drive, Suite 103, San Diego, California
 
92121
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (858) 222-8041
 
Not Applicable 

Former name or former address, if changed since last report
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 

 
 
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
 
On November 17, 2011, Dr. Kleanthis G. Xanthopoulos was appointed to serve as a Class I director of Apricus Biosciences, Inc.  Information regarding Dr. Xanthopouloss prior work experience and educational history is set forth in the Companys press release announcing his appointment, which is filed herewith as exhibit 99.1 and is incorporated herein by reference.  In connection with his appointment as a director, Dr. Xanthopoulos was granted 100,000 restricted stock units under the Company’s 2006 Stock Incentive Plan.
 
Item 9.01. Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit No.         Document
 
99.1                      Press Release
 
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
November 21, 2011
Apricus Biosciences, Inc.
 
     
 
By:  
 /S/Randy Berholtz
 
   
Randy Berholtz
 
   
Executive Vice President, General Counsel and Secretary  
 
 
 

 
 
Exhibit List
 
Exhibit No.         Document
 
99.1                      Press Release
 
 
 

 

EX-99 2 v241287_ex99-1.htm EXHIBIT 99.1 Unassociated Document
   
6330 Nancy Ridge Dr, Suite 103
Phone: +1-858-222-8041
San Diego, CA 92121
Fax: +1-858-866-0482

 
APRICUS BIOSCIENCES ANNOUNCES APPOINTMENT OF DR. KLEANTHIS G. XANTHOPOULOS TO ITS BOARD OF DIRECTORS
 
SAN DIEGO, November 21, 2011 -- Apricus Biosciences, Inc. ("Apricus Bio" or the "Company") (Nasdaq:APRI) announced today that Kleanthis G. Xanthopoulos, Ph.D., President and Chief Executive Officer of Regulus Therapeutics Inc. (“Regulus”), has been appointed to the Company’s Board of Directors, effective immediately.
 
Prior to joining Regulus in 2007, Dr. Xanthopoulos was the Managing Director of Enterprise Partners Venture Capital.  He co-founded Anadys Pharmaceuticals, served as President and Chief Executive Officer from 2000 to 2006, and remained a Director until its acquisition by Roche in 2011. Before that, Dr. Xanthopoulos was Vice President at Aurora Biosciences (acquired by Vertex Pharmaceuticals) from 1997 to 2000, and Section Head of the National Human Genome Research Institute from 1995 to 1997.
 
Previously, he was an Associate Professor at the Karolinska Institute, Stockholm, Sweden, after completing a Postdoctoral Research Fellowship at The Rockefeller University, New York. An Onassis Foundation scholar, Dr. Xanthopoulos received his B.Sc. in Biology with honors from Aristotle University of Thessaloniki, Greece, and his M.Sc. in Microbiology and Ph.D. in Molecular Biology from the University of Stockholm, Sweden.  Dr. Xanthopoulos is a member of the board of directors of the Biotechnology Industry Organization (BIO), Sente Inc., and a member of the executive board of BIOCOM, Southern California's life science industry association.
 
Bassam Damaj, Ph.D., President and Chief Executive Officer of Apricus Bio, stated, "We are very happy to welcome Dr. Xanthopoulos to our Board of Directors.  His proven leadership as the CEO of Regulus and Anadys Pharmaceuticals, plus his extensive business and corporate development experience in the pharmaceutical industry, will be invaluable to us as we continue to pursue our product commercialization strategy."
 
Dr. Xanthopoulos added, "I am very excited to join the board of this rapidly growing specialty bio-pharmaceutical company.  I look forward to working with Dr. Damaj and his experienced business and scientific team to take Apricus Bio and its portfolio of leading edge products based on its proprietary NexACT® technology to the next level."
 
About Apricus Biosciences, Inc.
 
Apricus Bio, a San Diego-based, revenue-generating, biopharmaceutical company, has leveraged the flexibility of its clinically-validated NexACT® drug delivery technology to enable multi-route administration of new and existing compounds across numerous therapeutic classes.
 
 
1

 
 
Revenues and growth are driven from out-licensing of this technology for the development and commercialization of such compounds to pharmaceutical and biotechnology companies worldwide. In addition, the Company is seeking to monetize its existing Rx Division product pipeline, including its first product, Vitaros®, approved in Canada for the treatment of erectile dysfunction, as well as compounds in development from pre-clinical through Phase III, currently focused on Sexual Dysfunction, Oncology, Dermatology, Autoimmune, Pain, Anti-Infectives, Diabetes and Cosmeceuticals among others.
 
The Company is also developing its Consumer Healthcare Division by developing a number of drugs that utilize the Company's NexACT® technology to comply with the FDA's over-the-counter ("OTC") requirements, can be cleared as 510(k) topical creams that are considered to be medical devices or approved as 505(b)(2) New Drug Applications ("NDAs") or Abbreviated New Drug Applications ("ANDAs") as generic drugs. The Company will also seek to market such drugs through these similar procedures in foreign countries.
 
For further information on Apricus Bio, visit http://www.apricusbio.com, and for information on its subsidiary please visit http://www.nexmedusa.com . You can also receive information at http://twitter.com/apricusbio and http://facebook.com/apricusbio.
 
Apricus Bio's Forward-Looking Statement Safe Harbor
 
Statements under the Private Securities Litigation Reform Act, as amended: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, its ability to further develop its products and product candidates, to have its products and product candidates approved by relevant regulatory authorities, to successfully commercialize such products and product candidates and to achieve its and their other development, commercialization and financial goals. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent annual report on Form 10-K, subsequent quarterly reports filed on Form 10-Q and other filings made with the SEC. Copies of these reports are available from the SEC's website or without charge from the Company.
 
Contacts:
 

Apricus Biosciences, Inc.
Edward Cox, V.P.
Investor Relations & Corporate Development
(858) 848-4249
ecox@apricusbio.com
 
 
Apricus Bio Investor Relations
Paula Schwartz
Rx Communications Group, LLC
(917) 322-2216
pschwartz@rxir.com
 
 
2

 
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