GTx CEO Mitch Steiner steps down

|By:, SA News Editor

GTx (GTXI) says CEO, Vice Chairman and co-founder Mitch Steiner is leaving "to pursue other business interests," effective immediately.

Marc Hanover, a co-founder, has been named interim CEO by the board. Hanover has served as president and COO since GTx's inception in September 1997.

SA contributor Cora Schlesinger has been bullish on GTx since April 2013, when it traded at almost $5.00. Shares closed Thursday at $1.56. No premarket print yet.