Synovics
Pharmaceuticals, Inc. (OTC Bulletin Board: SYVC), a specialty pharmaceutical
company, today announced that Mr. Jyotindra Gange, has been appointed
Principal Executive Officer of the Company and in such capacity given the
responsibility of overseeing all executive functions. Mr. Gange is currently
a member of Synovics' board of directors and is the Chief Financial Officer of
Maneesh Pharmaceuticals, LTD., a leading privately held pharmaceutical company
based in India and a joint venture partner with Synovics. Maneesh
Pharmaceuticals LTD. is a significant investor in Synovics Pharmaceuticals,
Inc. Previously, Mr. Gange served as Chief Financial Officer of Multi Arc
India Ltd., a provider of industrial coatings and Bharat Serums and Vaccines
Ltd., an Indian pharmaceuticals company. Mr. Gange was also Vice President -
Finance at Universal Ferrous Ltd., a producer of ferro alloys. Mr. Gange is a
Chartered Accountant in India. Ronald Howard Lane, Ph.D., resigned as the
Company's Chief Executive Officer and will remain as its Chairman of the
Board.