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Asmacure Ltee Appoints Pharmaceutical and Biotechnology Industry Veteran Martin Driscoll as CEO
Date:6/3/2011

eneral manager of Key Pharmaceuticals, the Schering unit responsible for all respiratory products marketed in the U.S.        

"Given Mr. Driscoll's extensive experience, we are confident he will successfully lead Asmacure during this exciting period as the company advances the clinical development of Asmacure's novel nicotinic receptor-based programs," said Dr. John T. Henderson, Chairman of the Board for Asmacure.  

"I'm delighted to have joined a unique development company with such novel proprietary technology that has the potential to meet significant unmet medical needs and enhance current clinical practice.  The science that has been developed by the team at Asmacure under the leadership of Drs. Vachon and Cormier is truly impressive.  I look forward to closely working with the talented Asmacure team as we lead the company through this exciting time of development and growth," said Mr. Driscoll.

Mr. Driscoll holds a B.Sc. in Communications from the University of Texas at Austin.  He has also been recently appointed as a member of the board of the Epilepsy Foundation of New Jersey and served on the Advisory Board for the American Lung Association.

About Asmacure Ltee

Asmacure Ltee is a clinical-stage biopharmaceutical company focused on the development of nicotinic receptor agonists for the treatment of asthma and other inflammatory diseases.  The company's lead compound, ASM-024, is a novel molecular entity currently in clinical development for the treatment of asthma.  ASM-024 utilizes Asmacure's proprietary technology comprised of nicotinic acetylcholine receptor agonists and is the first nicotinic receptor agonist in the clinic for this indication.  Phase II proof-of-concept studies are ongoing to assess the anti-inflammatory, bronchodilating and bronchoprotective properties of ASM-024 administered by inhalation.
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