NSB’s Chairman Mr Paul Rennie said, “I would like to acknowledge...

NSB’s Chairman Mr Paul Rennie said, “I would like to acknowledge Mr Liddelow’s service of approximately 4.5 years and thank him for his efforts during that time. The Company will commence a domestic and international search for a new CEO who has pharmaceutical development experience. Together with the senior management team, we will commence a review of operations and make whatever changes we need to make to ensure our lead asset EmtinB continues to progress to commercialisation.

“I was attracted to NSB, and remain excited about the company because of the potential of EmtinB to help people with neurodegenerative diseases. I acknowledge the loss in shareholder value as a result of the rejected Human Research Ethics Committee (HREC) submission and I will work tirelessly with my NSB colleagues to do what we can to get EmtinB into a Phase 1 clinical trial as quickly as possible. A rebuild of the Company is underway and I appreciate the support of all investors who have remained with us. Thank you”.

I think Paul is competent and will get NSB to where it needs to go. This decision today get rid of the incompetent CEO asap shows that.  Liddelow was already so cringeworthy to watch during the Roadshow's and Presentations, the guy had the personality of a sea cucumber. I'm sure he's a good scientist but not capable of running a company, his inability to put the company into a trading halt showed that.