Two weeks ago Michael Todd of Coheed and Cambria was busted fleeing the scene of a pharmacy he allegedly robbed for Oxycontin. Coheed was forced to perform with a replacement at their opening gig for Soundgarden that night, now they've decided to replace Todd for good.

The Michael Todd story is easily one of the most bizarre (and Saddest) of the year, a successful musician reduced to robbery to feed his addiction. Whether or not he has turned the page on his adiction is unclear, however, it is clear that the Coheed and Cambria chapter of his life is over.

The progressive alt-rockers announced yesterday that all the involved parties, Todd included, agreed it was best to continue the band without their troubled bassist. The band released this statement via their official blog at Childrenofthefence.tumblr.com:

"After a lot of thought, introspection and discussion, Coheed and Cambria will be continuing our journey without bassist Michael Todd. We have spoken to him and this is a mutual decision between both parties. Michael was a great contributor; our hearts go out to his family and to all those who appreciate his talents. We wish him nothing but the very best.

We are currently writing and recording songs for a new album, as well as a couple compilations this fall. We are very excited about how the songs are shaping up and can’t wait to share them with you. We’d like to thank Wes Styles for filling in for the live gigs in the interim, including the upcoming South America and Mexico shows. A belated thanks to Rob Gill for covering in Boston; and the biggest thank you to all of you for your unwavering support. A new chapter awaits. Love, Coheed and Cambria."

This is a tough break for Todd but this will help give him a chance at some sort of normalcy and hopefully he can get his life back on track. Todd was released on bail and is scheduled to face armed robbery and drug charges on August 9th.