E&Y RESIGNS AS A.P. PHARMA AUDITOR: Big Four firm Ernst & Young has resigned as auditor to Redwood City, Calif.-based pharmaceutical concern A.P. Pharma.A federal filing did not state a reason for E&Y's resignation, and a replacement has not been named.

Ernst & Young's reports on A.P. Pharma's financials didn't contain an adverse opinion or a disclaimer of opinion, and there were no disagreements over financial matters between the auditor and the company.

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