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Last Update

2003-08-20T00:00:00.000Z

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Background Information

Employment History

Director of Cardiovascular Research, Senior Clinical Investigator
Eli Lilly and Company

Chairman and Chief Executive Officer
Vector

President and Director
SCD Pharmaceuticals

Associate Director of New Drug Development
Pfizer Inc

Associate Director of Cardiovascular Research
Institute for Advanced Medical Research at Squibb

Affiliations

Co-Founder
Vector

Member
The American Society for the Advancement of Science

Member of ADVISORY BOARD
TheDIABETICdigest.com Inc

Education

Ph.D.

Weitzman Institute of Science

M.D.

Web References (3 Total References)


theDIABETICdigest.com: Advisory Board

www.thediabeticdigest.com [cached]

Dr. Michael H. Salit, M.D., Ph.D.

From 1985 to 1991, Dr. Salit was a Senior Medical Consultant to the United States Navy.Dr. Salit was President and Director of a group of preventive care health clinics and President of SCD Pharmaceuticals, a startup company involved with a new delivery system for insulin.Dr. Salit served as Senior Physician and Medical Director to the Camp David Peace Accords.He has also served as Associate Director of New Drug Development at Pfizer, Director of Cardiovascular Research, Senior Clinical Investigator at Eli Lilly and Associate Director of Cardiovascular Research at the Institute for Advanced Medical Research at Squibb.Dr. Salit is a graduate physician specializing in Cardiovascular Medicine from the University of Tel Aviv and holds a Ph.D. from the Weitzman Institute of Science.Dr. Salit is a member of numerous professional organizations, including The New York Academy of Science, The Academy of Medicine of New Jersey, The American College of Clinical Pharmacology, The American Heart Association, The American Society for the Advancement of Science, The New York Academy of Medicine and Mensa.


Vector Medical Technologies, Inc.

www.vectormedtech.com [cached]

Michael H. Salit , M.D. has been Chairman and CEO since March 1998.Dr Salit is a co-founder of Vector.Dr Salit has been active as a medical physician , consultant and a businessman in the healthcare field.He has also been associated with major pharmaceutical companies , in drug development and clinical investigations.

Chief Financial Officer


The Business Learning Institute - News - Finders keepers

www.bizlearning.net [cached]

The SEC claimed that Michael H. Salit, Vector's chairman and CEO, along with other individuals, sold the investors stock in the company based on false claims that their capital would help Vector market a "breakthrough" transdermal patch it had developed that was capable of delivering insulin and similar drugs.

Since neither Salit nor any of the other individuals named in the complaint were registered broker-dealers, the SEC argued that they acted as illegal finders when they pocketed hefty commissions from the money they raised instead of using it as promised.A federal district court in Florida agreed in October 2004, barring Salit from ever again serving as an officer or director of a publicly held company, and all of the defendants from participating in penny-stock offerings.

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