Cortex Appoints John Benedik to Board of Directors.IRVINE, Calif. -- Cortex Pharmaceuticals, Inc. (AMEX AMEX See: American Stock Exchange : COR) announced that it has appointed John "Jack" Benedik to its Board of Directors and as Chairman of its Audit Committee. Prior to joining Cortex, Mr. Benedik served as a Senior Partner and Firmwide Practice Director for the Metro New York offices of Arthur Andersen. "Given the current regulatory environment surrounding financial reporting for publicly traded companies, we're pleased to add Jack's extensive background in accounting and auditing to the Board of Cortex," said Roger Stoll, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cortex. Mr. Benedik, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , received his Bachelor's degree from Fordham College and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Columbia University Graduate School of Business. He joined Arthur Andersen in 1970 and was admitted to the partnership in 1980. Mr. Benedik spent the first 24 years of his career in the firm's New York office and also served as Office Managing Partner for Arthur Andersen's New Jersey practice. His responsibilities as engagement partner included a number of the firm's largest clients, such as Merck, American Home Products Corporation, C. R. Bard C. R. Bard, Inc. (NYSE: BCR) is one of the large S&P 500 companies of the United States, a surgical specialties and hospital medical device manufacturer in Murray Hill, New Jersey. It is named after its founder, who sold the company within only a few years of its founding. , Johnson & Higgins and Omnicom Group. Mr. Benedik recently was named to the board of Aeroflex, Inc., where he serves on the Audit and Compensation committees. He also serves on the Executive Board and as Treasurer of the National Conference for Community and Justice The National Conference for Community and Justice (NCCJ) formerly known as the National Conference of Christians and Jews, is a national non-profit organization in the United States. - New Jersey. About Cortex Pharmaceuticals: Cortex, located in Irvine, California, is a neuroscience company focused on novel drug therapies for neurological and psychiatric disorders. The Company is pioneering a class of proprietary pharmaceuticals called AMPAKINE(R) compounds, which act to increase the strength of signals at connections between brain cells. The loss of these connections is thought to be responsible for memory and behavior problems in Alzheimer's disease. Many psychiatric diseases, including schizophrenia, occur as a result of imbalances in the brain's neurotransmitter system. These imbalances may be improved by using the AMPAKINE technology. Cortex has alliances with N.V. Organon for the treatment of schizophrenia The concept of a cure as such in the treatment of schizophrenia remains controversial, as there is no consensus on the definition of "treatment" in the case of schizophrenia, although some criteria for the remission of symptoms have recently been suggested. and depression and with Les Laboratoires Servier for the development of AMPAKINE compounds to treat the neurodegenerative effects associated with aging and disease, including Mild Cognitive Impairment mild cognitive impairment (MCI), n memory loss generally associated with aging; does not affect normal independent functioning of an individual. , Alzheimer's disease and Anxiety Disorders. (http://www.cortexpharm.com/) |
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