Provec­tus boots its in­ter­im CEO fol­low­ing ex­pense probe, 10 months af­ter founder left un­der the same cloud

Ten months af­ter Provec­tus Bio­phar­ma­ceu­ti­cals $PVCT co- founder and CEO Craig Dees left the biotech and was then cit­ed for fi­nagling his ex­pense ac­count, in­ter­im CEO Pe­ter Culpep­per is get­ting the boot for the ex­act same rea­son.

The Knoxville, TN-based biotech said that Culpep­per was fired af­ter an in­ves­ti­ga­tion in­to “im­prop­er ex­pense re­im­burse­ments.”

Provec­tus Pres­i­dent Tim Scott will as­sume the CEO’s job while the com­pa­ny looks for a new chief.

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