Exhibit 16.1
April 3, 2008
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Ladies and Gentlemen:
We have read the statements made by DOV Pharmaceutical, Inc., a copy of which is attached hereto, that we understand will be filed with the U.S. Securities and Exchange Commission pursuant to Item 4.01 of Form 8-K, as part of the Form 8-K of DOV Pharmaceutical, Inc. dated April 1, 2008.
We agree with the statements concerning our Firm in such Form 8-K.
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Very truly yours, PricewaterhouseCoopers LLP /s/ PricewaterhouseCoopers LLP |
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Item 4.01 | Changes in Registrant’s Certifying Accountant |
On April 1, 2008, the Audit Committee of the Board of Directors of DOV Pharmaceutical, Inc. (the “Company ”) dismissed PricewaterhouseCoopers LLP(“ PwC”) as the Company’s independent registered public accounting firm for the year ending December 31, 2008.
Except as set forth in the next succeeding sentence, the reports of PwC on the Company’s consolidated financial statements for the fiscal years ended December 31, 2007 and December 31, 2006 (the “PwC 2007 and 2006 Reports”) did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principle. The PwC 2007 and 2006 Reports contained an explanatory paragraph raising substantial doubt about the Company's ability to continue as a going concern.
During the fiscal years ended December 31, 2007 and December 31, 2006 and through April 1, 2008, there were no disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreements in its reports on the consolidated financial statements for such years. In addition, during the fiscal years ended December 31, 2007 and December 31, 2006 and through April 1, 2008, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).
The Company has provided PwC with a copy of the above disclosures, and has requested that PwC furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not PwC agrees with the above statements and, if not, stating the respects in which it does not agree. A copy of PwC’s letter dated April 3, 2008 is attached as Exhibit 16.1 hereto.
As of the date of this filing, the Audit Committee has not yet engaged a successor independent registered public accounting firm for the fiscal year ending December 31, 2008. At such time as a new firm is engaged, the Company will file a Report on Form 8-K with the specific commencement date of the engagement and an update of the disclosures required by Item 304(a)(2) (i) and (ii) of Regulation S-K through the date of the engagement.
