PROVECTUS BIOPHARMACEUTICALS, INC. (OTCMKTS:PVCT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
(e)
On November 26, 2018, the Board of Directors of Provectus Biopharmaceuticals, Inc. (the “Company”), to Section 5(a) of the employment agreements between each of Timothy C. Scott, Ph.D. and Eric A. Wachter, Ph.D., and the Company, dated April 28, 2014 (the “Employment Agreements”), provided notice to Drs. Scott and Wachter that the Company would not renew the Employment Agreements as of their April 28, 2019 expiration dates. In the intervening months, the Company intends to evaluate and assess potential future roles, responsibilities, duties, and compensation for Drs. Scott and Wachter.
About PROVECTUS BIOPHARMACEUTICALS, INC. (OTCMKTS:PVCT)
Provectus Biopharmaceuticals, Inc. is a development-stage biopharmaceutical company. The Company is engaged in developing pharmaceuticals for oncology and dermatology indications. The Company is focused on developing its prescription drug candidates, PV-10 and PH-10. It is developing PV-10 for treatment of several life threatening cancers, including metastatic melanoma, liver cancer and breast cancer. It is developing PH-10 to provide minimally invasive treatment of chronic severe skin afflictions, such as psoriasis and atopic dermatitis, a type of eczema. In addition to clinical trials, patients enrolled in the expanded access or compassionate use program for PV-10 are also receiving PV-10 treatments for cutaneous and subcutaneous cancer indications. The Company also focuses on over-the-counter (OTC) products and various other non-core technologies. PV-10 is a sterile injectable form of rose bengal disodium (Rose Bengal), for direct injection into tumors.
