ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.

On May 28, 2009, NexMed, Inc. (the "Company") announced the termination of Hemanshu Pandya as Vice President and Chief Operating Officer, effective June 18, 2009 (the "Termination Date"), due to a reduction in force.

The Company and Mr. Pandya are parties to an employment agreement dated October 31, 2007 (the "Employment Agreement"). Although certain provisions of the Employment Agreement will continue as described below, Mr. Pandya's employment with the Company will be terminated.

Pursuant to the terms of the Employment Agreement, Mr. Pandya is entitled to receive from the Company severance payments aggregating $119,531.25. These payments will be payable in regular installments in accordance with the Company's usual payroll practices beginning thirty (30) days following the Termination Date.

In addition, the Company's remaining two officers, Ms. Vivian Liu, Chief Executive Officer, and Mr. Mark Westgate, Chief Financial Officer, have elected to take a temporary salary cut of 20% of their annual salaries (the "Salary Reduction") for the period from June 15, 2009 through September 11, 2009. The Salary Reduction may be further extended subject to mutual agreement by the officers and the Company.

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On May 28, 2009, the Company announced the termination of Hemanshu Pandya as Vice President and Chief Operating Officer, effective June 18, 2009. Reference is hereby made to Item 1.02, above.