July 7, 2010 (FinancialWire) — Cornerstone Therapeutics Inc. (NASDAQ: CRTX), a specialty pharmaceutical company, said that David Price has resigned as the company’s executive vice president and chief financial officer, effective July 2.  The company said it will immediately begin seeking a replacement for the officer position vacated by Price.  

Ira Duarte, Cornerstone's director of accounting, will remain the company's principal accounting officer.

According to Cornerstone, Price is leaving the company to accept a chief financial officer position at another public company.  He has bee with Cornerstone for around 18 months.

North Carolina-based Cornerstone Therapeutics is a specialty pharmaceutical company focused on acquiring, developing and commercializing products primarily for the respiratory and related markets.  

The company currently promotes multiple marketed products in the United States to respiratory-focused physicians, retail pharmacies and hospitals with its specialty sales forces. Cornerstone also has a late-stage clinical pipeline with a recent regulatory submission filing and four additional regulatory approval submissions targeted within the next three years.  

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