CONTACT:
Acura Pharmaceuticals, Inc.
Peter A. Clemens, SVP Investor Relations & CFO
(847-705-7709)
FOR IMMEDIATE RELEASE

ACURA PHARMACEUTICALS,
INC. ANNOUNCES ANDREW REDDICK PRESIDENT & CEO, TO TAKE MEDICAL LEAVE AND APPOINTMENT OF
RICHARD MARKHAM AS CHAIRMAN OF THE BOARD
Palatine, IL,
February 27, 2008:
Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) announced that President and
Chief Executive Officer Andy Reddick has begun a leave of absence for
health reasons for an as-yet undetermined period. Mr. Reddick will
continue to serve as a member of the Company’s Board of Directors. At
the same time, the Company announced that Richard Markham has been
appointed to serve as non-executive Chairman of the Board. Mr. Markham
has been a member of our Board of Directors since May, 2006. Since
November, 2004 Mr. Markham has served as a partner at Care Capital, LLC,
a venture capital firm that primarily invests in life sciences
companies. From May 2002 until August 2004, Mr. Markham was the Vice
Chairman of the Management Board and Chief Operating Officer of Aventis
SA. From December, 1999 until May, 2002 he was the Chief Executive
Officer of Aventis Pharma AG. Previously he was the Chief Executive
Officer of Hoechst Marion Roussel, the President and Chief Operating
Officer of Marion Merrell Dow, Inc. and a member of its board of
directors. From 1973 to 1993 Mr. Markham was associated with Merck & Co.
Inc., culminating in his position as President and Chief Operating
Officer.
The Company’s Board of Directors, management
and staff all wish Mr. Reddick a full and speedy recovery and look
forward to his return as soon as possible.
About Acura Pharmaceuticals, Inc.
Acura Pharmaceuticals, Inc. is a specialty
pharmaceutical company engaged in research, development and manufacture
of innovative Aversion® (abuse deterrent) Technology and related product
candidates.
Forward Looking Statements
This press release contains "forward-looking
statements" as defined in the Private Securities Litigation Reform Act
of 1995. These statements are based on current expectations of future
events. If underlying assumptions prove inaccurate or unknown risks or
uncertainties materialize, actual results could vary materially from our
Company’s expectations and projections. The most significant of such
risks and uncertainties include, but are not limited to, our ability,
and the ability of King Pharmaceuticals Research and Development, Inc.
and other pharmaceutical companies, if any, with whom we may license our
Aversion® Technology, to obtain necessary regulatory approvals and
commercialize products utilizing the Aversion® Technology, the ability
to avoid infringement of patents, trademarks and other proprietary
rights or trade secrets of third parties, and the ability to fulfill the
FDA’s requirements for approving our product candidates for commercial
manufacturing and distribution in the United States, including, without
limitation, the adequacy of the results of the clinical studies
completed to date and the results of other clinical studies, to support
FDA approval of our product candidates, the adequacy of the development
program for our product candidates, changes in regulatory requirements,
adverse safety findings relating to our product candidates, the risk
that the FDA may not agree with our analysis of its clinical studies and
may evaluate the results of these studies by different methods or
conclude that the results of the studies are not statistically
significant, clinically meaningful or that there were human errors in
the conduct of the studies or otherwise, the risk that further studies
of our product candidates are not positive, and the uncertainties
inherent in scientific research, drug development, clinical trials, the
regulatory approval process, and commercial supply. You are encouraged
to review other important risk factors relating to our operations on our
web site at www.acurapharm.com
under the link, “Company Risk Factors” and detailed in our filings with
the Securities and Exchange Commission. We assume no obligation to
update any forward-looking statements as a result of new information or
future events or developments. Our press releases may be reviewed at
www.acurapharm.com.

Any questions or comments
regarding Press Releases should be directed to our department of
Investor Relations.
Return to the
Press Release Archive