TORONTO Aug 18 Paladin Labs Inc PLB.TO said
on Thursday that Chief Executive Jonathan Ross Goodman has been
in an accident and can no longer perform the tasks of a CEO.
The specialty pharmaceutical company, which has made recent
takeover bids for Labopharm Inc DDS.TO and Afexa Life
Sciences Inc FXA.TO, said Goodman, who is also the company's
founder, has been hospitalized with serious injuries.
Mark Beaudet, a co-founder and board member, has been asked
to take on the CEO's duties for now. The company plans to go
ahead with all its ongoing projects, Beaudet said in a
On Wednesday, Montreal-based Paladin said it was in a deal
to buy Labopharm Inc DDS.TO, a Canadian biotech company
specializing in controlled-release drugs. [ID:nN1E77G1T7]
(Reporting by S. John Tilak; editing by Peter Galloway)