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"We have completed the process of combining the operations of the two companies," said Craig A. Collard, Cornerstone's President and Chief Executive Officer. "Our recent move to the combined company's new headquarters completes a significant aspect of the integration process. The Company expects the excellent year over year growth in revenues during the fourth quarter that we experienced in the first three quarters of the year to continue during the fourth quarter, and we will enter 2009 with a strong portfolio of products being sold by over 60 sales representatives."
Separately, Cornerstone today also announced that, effective immediately, Josh Franklin, the Company's Vice President, Marketing, will assume additional responsibilities for sales and he has been named Vice President, Sales and Marketing. Concurrent to this appointment, George Esgro has resigned as Vice President, Sales, effective immediately, to pursue other interests.
"I want to thank George for his contributions to Cornerstone and wish him well in his future endeavors," said Mr. Collard. "We are fortunate to have someone with Josh's skill set and vast experience and I am confident that in his expanded role he will provide strong leadership that helps drive continued sales growth in our business."
Prior to joining the Company in September 2008, Mr. Franklin was a key member of the marketing team at Ther-Rx Corporation (a subsidiary of KV Pharmaceutical) during a critical five-year growth period, serving most recently as Vice President, Marketing. In previous positions, Mr. Franklin filled marketing roles with Biovail Pharmaceuticals and the Ross Products Division of Abbott Labs. In these positions, he launched and managed products throughout various lifecycle phases in multiple therapeutic categories. Mr. Franklin is a U.S. Army veteran and holds
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| SOURCE Cornerstone Therapeutics Inc. Copyright©2008 PR Newswire. All rights reserved |