Neurobiological Technologies, Inc. (NTII) said that Paul Freiman, president and chief executive officer, has announced his intent to retire on December 31 after 11 years of service. The Company expects Freiman to continue to serve on the Board.
Freiman is the former chief executive officer of Syntex Corporation of Palo Alto, California.
A committee has been formed by the Board of Directors, headed by NTI director, William A. Fletcher, Chairman of Teva North America, to search for a new CEO and has engaged the services of a retained search firm.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.