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FRAMINGHAM, Mass.--([ BUSINESS WIRE ])--p-Value Capital Management, LLC today commented on the results of the shareholder vote conducted at the annual meeting of stockholders held by Myrexis, Inc. (Nasdaq: MYRX) (the aCompanya) on December 8, 2011. The voting tallies were filed by Myrexis in a SEC Form 8k filed on December 14, 2011. The filing shows that over 22% of votes cast were withheld from the director nominees, more than three times the percentage withheld at the 2010 meeting. Given the lack of organized opposition to the nominees, p-Value considers this a remarkable display of lack of faith in the Company by a large number of owners.

This is not about the individual director nominees - p-Value believes that this substantial increase in the votes withheld should be read as an important message to the entire Board of Myrexis. The Companyas actions to date have been insufficient and Myrexis must do more to protect the interests of shareholders and create value.

p-Valueas view is that Myrexis does not have a viable strategy for shareholder value creation, has shown no capability to develop programs successfully and is simply squandering its cash balance. p-Value believes that Myrexis should engage an investment bank to evaluate strategic options to recognize the value of its assets. In the interim, Myrexis should take much more aggressive action to cut costs and cash burn.

p-Value remains willing to work with Myrexis to support alternatives that address the concerns of shareholders and have a valid expectation of creating value. However, p-Value is concerned that the Board may not be getting the message about what they need to do, despite this latest display of widespread discontent by the owners of the Company. Therefore, p-Value also will continue to evaluate all options to protect its interests as a shareholder.