DURHAM, NC – Christy Shaffer, CEO of Inspire Pharmaceuticals (Nasdaq:INSP) and former chair of the NC Council for Entrepreneurial Development, says she will give up her Inspire post as soon as a successor is found.

Inspire announced the news about Shaffer with its quarterly financial report.

The company, which employs 245, met analysts expectations, posting a quarterly loss of $9.5 million or 17 cents a share. Revenues of $23.1 million were up $1 million from the same period last year.

Shaffer, Inspire’s first fulltime employee and CEO since 1999, is one of the Research Triangle’s best known executives.

Shaffer previously served in a variety of positions in the clinical research division of Burroughs Wellcome Co.

No reason was given for Shaffer’s departure, but she told the board she would stay on until her successor is found and will be available in an advisory capacity.

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