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SOUTH SAN FRANCISCO, Calif., June 16 /PRNewswire-FirstCall/ -- Anesiva, Inc. (Nasdaq: ANSV) today announced the appointment of Michael L. Kranda as president, chief executive officer and a member of the company's board of directors, effective June 16, 2008. Mr. Kranda succeeds John P. McLaughlin, who resigned as chief executive officer and member of the Anesiva board to pursue other business interests, while remaining a consultant to the company.
"Michael is the ideal person to lead Anesiva as it transitions from a drug development company to a commercially focused enterprise," said Rodney A. Ferguson, chairman of Anesiva's board. "He is a proven leader with extensive biotechnology experience and will be leading a great team here."
Mr. Kranda is a seasoned biopharmaceutical executive who brings two decades of commercial operating and corporate development experience to Anesiva. Most recently, he was Managing Director for biotechnology and life science investments at Vulcan, Inc. where he played an active role in the product, business development and financing activities of multiple portfolio companies. Before that, he was chief executive officer of Oxford GlycoSciences and led the transition of OGS from a biotech "tools" supply company to a leadership position in proteomics-based drug discovery and development. Prior to that, he served as president and chief operating officer and director at Immunex, where he built and managed sales, marketing, distribution, corporate development and manufacturing operations.
"With the upcoming commercial launch of Zingo(TM) and Adlea(TM) Phase 3
clinical milestones, Anesiva is poised to become a leader in the
development and commercialization of novel pharmaceutical products for pain
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