InhaleRx CEO Darryl Davies has agreed to receive shares in the company in lieu of accrued salary otherwise payable to him.
Darryl Davies
The firm told the ASX the decision was in keeping with its cost-optimisation strategy and prioritisation of available capital towards the advancement of clinical trials of its cannabinoid drug candidates IRX211 and IRX616a.
Join the Cannabiz revolution
Want to stay ahead of the cannabis curve with the latest local and
international news, analysis and intelligence and access to Australia's legal cannabis industry?
This article is included with our Premium subscription.
Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017.
A journalist...
More by Martin Lane