Chao joins Impax's board of directors

HAYWARD, Calif. One of the cofounders of Watson Pharmaceuticals will join the board of directors of Impax Labs, Impax said Thursday.

Allen Chao, currently chairman of healthcare investment management and consulting company Newport Healthcare Advisors, was elected to the position after the departure of Oh Kim Sun, who decided not to stand for reelection at the annual stockholders meeting.

“We are delighted that Dr. Chao will be joining the board,” Impax chairman Robert Burr said. “He brings a profound understanding of financial investment, business development, strategic planning and operational management in our industry and can provide invaluable practical guidance, insight and perspective with respect to our operations, strategy and corporate governance.”

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