Pernix Therapeutics Holdings Inc.'s President and CFO Graham Miao will leave the company at the end of the year to pursue other opportunities.

Miao will provide support to the company during a transition period. Pernix said his resignation does not reflect any disagreement with the company's financial results or strategy for growth.

The company will immediately start a search to identify Miao's successor.

Miao has served as president and CFO of Pernix since July 2016.