{"id":853705,"date":"2025-05-22T08:19:15","date_gmt":"2025-05-22T12:19:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/"},"modified":"2025-05-22T08:19:15","modified_gmt":"2025-05-22T12:19:15","slug":"scienture-announces-executive-leadership-transition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/","title":{"rendered":"SCIENTURE Announces Executive Leadership Transition"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>TAMPA, FL, May  22, 2025  (GLOBE NEWSWIRE) &#8212; SCIENTURE HOLDINGS, INC.<\/strong><br \/>\n        <strong> (NASDAQ: SCNX) (<\/strong>the<strong> \u201cCompany\u201d)<\/strong>, a holding company for existing and planned pharmaceutical operating companies focused on providing enhanced value to patients, physicians and caregivers through developing, bringing to market, and distributing novel specialty products to satisfy unmet market needs, today announced that Suren Ajjarapu, who has served as Chief Executive Officer (CEO) and Chairman of the Board of Directors (BOD), has stepped down from his roles with the Company, with those positions being assumed by the existing, experienced management team of Dr. Shankar Hariharan and Dr. Narasimhan Mani.<\/p>\n<p align=\"justify\">\n        <strong>Shankar Hariharan, Ph.D &#8211; Executive Chairman of the BOD and Co-CEO <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Narasimhan Mani, Ph.D., MBA \u2013 President and Co-CEO; Member of the BOD <\/strong>\n      <\/p>\n<p align=\"justify\">Suren\u2019s departure comes after several years of dedicated service to the Company, during which he led the Company through significant growth and transformation. Under his leadership, Scienture (f\/k\/a TRxade Health Inc.) achieved significant milestones in establishing the healthcare IT based market platforms and wholesale distribution operations. In 2024, he led the sale of the Company\u2019s web based market platform to Micro Merchant Systems, Inc. and the completion of the reverse merger with Scienture Inc. to reposition the Company into the value added Specialty Pharmaceutical product development and commercialization space.<\/p>\n<p align=\"justify\">\u201cThis transition marks the next chapter for Scienture and I\u2019m proud of what we\u2019ve built over the years at the company,\u201d said Suren Ajjarapu. \u201cIt has been an honor to lead this exceptional team, and I\u2019m confident that the leadership of Dr. Shankar Hariharan and Dr. Narasimhan Mani will propel the company forward.\u201d<\/p>\n<p align=\"justify\">The transition has been carefully planned to ensure continuity and strategic alignment. Dr. Hariharan and Dr. Mani both have extensive experience with the Company\u2019s primary FDA-approved assets (Arbli and Rezenopy), as well as decades of experience in the clinical development and commercialization of pharmaceuticals. Suren Ajjarapu will remain engaged as an advisor to the Company\u2019s board of directors.<\/p>\n<p align=\"justify\">\u201cI am excited to take up this new role and want to thank Suren for all his contributions,\u201d remarked Shankar Hariharan. \u201cI look forward to lead the Company in its next phase to drive long term value creation by focusing on strong science, operational agility, and delivering value to patients and the healthcare system.\u201d<\/p>\n<p align=\"justify\">\u201cThis is a pivotal moment for the Company and I look forward to building a strong organization that is focused on bringing to market novel therapies that provide transformative patient outcomes and delivering shareholder value,\u201d said Narasimhan Mani. \u201c<\/p>\n<p align=\"justify\">Shankar Hariharan was the President and CEO of Scienture Inc., prior to its merger with the Company in July 2024. He has over 35 years of experience in the pharmaceutical industry in discovery, development, clinical and regulatory operations and was involved with the development and launch of notable brand products such as Celexa<sup>\u00ae<\/sup>, Lexapro<sup>\u00ae<\/sup>, Namenda<sup>\u00ae<\/sup> and Megace ES<sup>\u00ae<\/sup>. His past experiences include leadership, executive management and board positions in several branded and specialty pharmaceutical companies. Prior to the transition to his new role, he served on the board of directors and as CEO of Scienture, LLC, which is a wholly owned subsidiary of the Company. He will continue to serve in that capacity as well.<\/p>\n<p align=\"justify\">Narasimhan Mani is an experienced healthcare professional with over 25 years of experience in the pharmaceutical industry. He has held Executive Leadership and Board positions with oversight of Commercial Operations, Portfolio Strategy, Business Development, Corporate Finance and P&amp;L management, at small and large specialty and branded pharmaceutical companies. He has led various product development initiatives and commercial launches of well known products such as Ritalin<sup>\u00ae<\/sup>, Morphelan<sup>\u00ae<\/sup>, Namenda XR<sup>\u00ae<\/sup> , and Nucynta ER<sup>\u00ae<\/sup>. Prior to transitioning to his new role, he served as the President of Scienture, LLC, which is a wholly owned subsidiary of the Company. He will continue to serve in thay capacity as well.<\/p>\n<p align=\"justify\">\n        <strong>About Scienture Holdings, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">SCIENTURE HOLDINGS, INC. (NASDAQ: \u201cSCNX\u201d), through its wholly owned subsidiary, Scienture, LLC is a comprehensive pharmaceutical product company focused on providing enhanced value to patients, physicians and caregivers by offering novel specialty products to satisfy unmet market needs. Scienture, LLC is a branded, specialty pharmaceutical company consisting of a highly experienced team of industry professionals who are passionate about developing and bringing to market unique specialty products that provide enhanced value to patients and healthcare systems. The assets in development at Scienture, LLC are across therapeutics areas, indications and cater to different market segments and channels. For more information please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=x7z5H8516NHGD6ZiwMXgMaDGTJVD5uGlLJ_wQbvBJEkMXsG0FRuBoeTjnNSCGnfDOXFohLmWibhjwr7ZZeAPc5pPGrnkMjNuTJXyZIcs0qo=\" rel=\"nofollow\" target=\"_blank\">www.scienture.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statements Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains certain statements that may be deemed to be \u201cforward-looking statements\u201d within the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our company, our industry, our beliefs and our assumptions. Such forward-looking statements include, but are not limited to, statements regarding our or our management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future, including for the products we may launch and the success those products may have in the marketplace. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. In some cases, you can identify forward-looking statements by the following words: \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201congoing,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are subject to a number of risks and uncertainties (some of which are beyond our control) that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. These risks include risks relating to agreements with third parties; our ability to raise funding in the future, as needed, and the terms of such funding, including potential dilution caused thereby; our ability to continue as a going concern; security interests under certain of our credit arrangements; our ability to maintain the listing of our common stock on the Nasdaq Capital Market; claims relating to alleged violations of intellectual property rights of others; the outcome of any current legal proceedings or future legal proceedings that may be instituted against us; unanticipated difficulties or expenditures relating to our business plan; and those risks detailed in our most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.<\/p>\n<p align=\"justify\">Forward-looking statements speak only as of the date they are made. Scienture Holdings, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as otherwise provided by law.<\/p>\n<p align=\"justify\">\n        <strong>Contact<\/strong>:<\/p>\n<p align=\"justify\">SCIENTURE HOLDINGS, INC.<br \/>6308 Benjamin Rd, Suite 708<br \/>Tampa, Florida 33634<br \/>Phone: (866) 468-6535<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8SKZ9Ucx5pz22640XI_9UFQDQSSzOC2xeHTajwTFSIiJsU6tZj1JN2gaHMSEW0kt8PoA1cF2xpPL9lSF8Gk2Rbdwj6Byd0SFWKRt4e-Wex8=\" rel=\"nofollow\" target=\"_blank\">IR@Scienture.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ1NjIwMyM2OTU1MjI3IzUwMDA1MjQ3Nw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NjJhOWMyNmItYWJlZS00YWZiLWExNTMtYWY2YTAyNjJlMWVhLTUwMDA1MjQ3Ny0yMDI1LTA1LTIyLWVu\/tiny\/Scienture-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TAMPA, FL, May 22, 2025 (GLOBE NEWSWIRE) &#8212; SCIENTURE HOLDINGS, INC. (NASDAQ: SCNX) (the \u201cCompany\u201d), a holding company for existing and planned pharmaceutical operating companies focused on providing enhanced value to patients, physicians and caregivers through developing, bringing to market, and distributing novel specialty products to satisfy unmet market needs, today announced that Suren Ajjarapu, who has served as Chief Executive Officer (CEO) and Chairman of the Board of Directors (BOD), has stepped down from his roles with the Company, with those positions being assumed by the existing, experienced management team of Dr. Shankar Hariharan and Dr. Narasimhan Mani. Shankar Hariharan, Ph.D &#8211; Executive Chairman of the BOD and Co-CEO Narasimhan Mani, Ph.D., MBA \u2013 President and Co-CEO; Member of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SCIENTURE Announces Executive Leadership Transition&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-853705","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SCIENTURE Announces Executive Leadership Transition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SCIENTURE Announces Executive Leadership Transition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TAMPA, FL, May 22, 2025 (GLOBE NEWSWIRE) &#8212; SCIENTURE HOLDINGS, INC. (NASDAQ: SCNX) (the \u201cCompany\u201d), a holding company for existing and planned pharmaceutical operating companies focused on providing enhanced value to patients, physicians and caregivers through developing, bringing to market, and distributing novel specialty products to satisfy unmet market needs, today announced that Suren Ajjarapu, who has served as Chief Executive Officer (CEO) and Chairman of the Board of Directors (BOD), has stepped down from his roles with the Company, with those positions being assumed by the existing, experienced management team of Dr. Shankar Hariharan and Dr. Narasimhan Mani. Shankar Hariharan, Ph.D &#8211; Executive Chairman of the BOD and Co-CEO Narasimhan Mani, Ph.D., MBA \u2013 President and Co-CEO; Member of &hellip; Continue reading &quot;SCIENTURE Announces Executive Leadership Transition&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-22T12:19:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ1NjIwMyM2OTU1MjI3IzUwMDA1MjQ3Nw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scienture-announces-executive-leadership-transition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scienture-announces-executive-leadership-transition\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SCIENTURE Announces Executive Leadership Transition\",\"datePublished\":\"2025-05-22T12:19:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scienture-announces-executive-leadership-transition\\\/\"},\"wordCount\":1206,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scienture-announces-executive-leadership-transition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ1NjIwMyM2OTU1MjI3IzUwMDA1MjQ3Nw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scienture-announces-executive-leadership-transition\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scienture-announces-executive-leadership-transition\\\/\",\"name\":\"SCIENTURE Announces Executive Leadership Transition - 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(NASDAQ: SCNX) (the \u201cCompany\u201d), a holding company for existing and planned pharmaceutical operating companies focused on providing enhanced value to patients, physicians and caregivers through developing, bringing to market, and distributing novel specialty products to satisfy unmet market needs, today announced that Suren Ajjarapu, who has served as Chief Executive Officer (CEO) and Chairman of the Board of Directors (BOD), has stepped down from his roles with the Company, with those positions being assumed by the existing, experienced management team of Dr. Shankar Hariharan and Dr. Narasimhan Mani. Shankar Hariharan, Ph.D &#8211; Executive Chairman of the BOD and Co-CEO Narasimhan Mani, Ph.D., MBA \u2013 President and Co-CEO; Member of &hellip; Continue reading \"SCIENTURE Announces Executive Leadership Transition\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/","og_site_name":"Market Newsdesk","article_published_time":"2025-05-22T12:19:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ1NjIwMyM2OTU1MjI3IzUwMDA1MjQ3Nw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SCIENTURE Announces Executive Leadership Transition","datePublished":"2025-05-22T12:19:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/"},"wordCount":1206,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ1NjIwMyM2OTU1MjI3IzUwMDA1MjQ3Nw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/scienture-announces-executive-leadership-transition\/","name":"SCIENTURE Announces Executive Leadership Transition - 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