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Panacos Pharma CFO Resigns

Peyton Marshall leaves to 'pursue other opportunities.'

Panacos Pharmaceuticals

(PANC)

said after the market close Monday that its CFO, Peyton Marshall, is resigning "to pursue other opportunities and outside personal interests."

The biotechnology company said it has begun a search for a replacement. Robert Pelletier, VP of finance, will serve as acting principal accounting officer in the interim.

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Shares fell 12 cents, or 4.8%, to $2.40 in recent after-hours trading.