Directors who control the board of mental-health startup Cerebral agreed on a plan to replace Chief Executive Kyle Robertson
to patients for attention deficit hyperactivity disorder, or ADHD, The Wall Street Journal reported in March.
A draft press release has been prepared announcing Mr. Robertson’s resignation, which investors hope he will sign on to, said a person familiar with the draft. Mr. Robertson, who co-founded Cerebral when he was 27 years old, has said both of his parents are mental-health clinicians and he helped start the company in part because of his personal experience with depression.
One person familiar with the investors’ thinking said that the March article prompted the company to re-examine its prescription practices for ADHD drugs.
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