Tucson - CDEX Cuts Salaries

Arizona Star - May 27, 2009 CDEX cuts salaries of all its employees

Tucson-based CDEX Inc., which makes drug-identifica­tion and -detection devices, said Tuesday that it is reducing salaries for all employees as part of a plan to cut expenses in re­sponse to the recession.

A CDEX news release said the plan, unanimously approved by the board of directors, “calls for a selective reduction in expenses while maintaining full support of existing and new customers.”

As part of the plan, “salary levels have been adjusted for all employees, including new em­ployment agreements, with the CEO to provide services at no pay and for the COO (chief oper­ating officer) to receive an annu­al salary of $25,000.”

While the firm will continue to expand its current product lines — its ValiMed system to validate prescription drugs and a device to detect illegal drugs — research into new product lines will be curtailed.