WOODCLIFF LAKE, N.J.--(BUSINESS WIRE)--Eagle Pharmaceuticals, Inc. (Nasdaq: EGRX) today announced that Douglas L. Braunstein is stepping down from the Company’s Board of Directors, effective November 14, 2019. Mr. Braunstein joined the Board in 2016 and served on its Compensation Committee.

“We wish Doug well and thank him for his many contributions to Eagle. His valuable insights and perspective, together with his broad financial services experience, have helped guide us as we strive to advance both our commercial product portfolio and our deep research and development pipeline, while delivering value to our shareholders,” stated Scott Tarriff, Chief Executive Officer.

“I am pleased to have had the opportunity to contribute to Eagle’s many accomplishments during my time on the Board,” Mr. Braunstein said. “I believe Eagle is well positioned for continued success with a strong balance sheet, substantial profitability, and a robust product pipeline. I decided to resign from the Board at this time in order to better focus upon other obligations of my investment firm, Hudson Executive Capital LP, which holds a position in Eagle.”

“Doug leaves the Company at an opportune time given the strength of our performance and prospects. Eagle continues to make great progress, both from a regulatory and clinical standpoint – and especially in view of recent positive news around RYANODEX® for exertional heat stroke and the treatment of brain damage secondary to Nerve Agent exposure. Initiation of the upcoming fulvestrant clinical study is another meaningful step forward for Eagle,” concluded Tarriff.

About Eagle Pharmaceuticals, Inc.

Eagle is a specialty pharmaceutical company focused on developing and commercializing innovative and differentiated injectable products that address the shortcomings, as identified by physicians, pharmacists and other stakeholders, of existing commercially successful injectable products. Additional information is available on the Company’s website at www.eagleus.com.