Mpex Pharmaceuticals Names Dr. Jeffery Loutit as Chief Medic...(ntswith cystic fibrosis and other seriou...)

"In addition, we are eager to use his expertise in the development of our proprietary class of efflux pump inhibitors, which are now approaching the development stage. Lastly, we believe Jeff can be an integral part of evaluating and subsequently prosecuting attractive clinical-stage in-licensing opportunities. With the addition of Jeff we have now assembled a clinical team that is highly experienced in all aspects of trial design and management and is capable of advancing a drug candidate through late-stage development," added Burgess.

"I am pleased to be joining Mpex at this exciting time," said Dr. Loutit. "Based on preclinical and early clinical data, MP-376, the company's lead product, has the potential to be a best-in-class aerosol anti-infective for management of chronic lung infections in patients suffering from CF and other serious lung conditions. In addition, Mpex scientists are widely acknowledged as leaders in the area of efflux pump biology, a primary source of antibiotic resistance in gram negative organisms. The impressive progress this group has made over the last year in developing efflux pump inhibitors may lead to a clinical candidate in the near-term for one of the most intractable problems in infectious disease drug development. I am eager to work with the Mpex team to establish the Company as a leader in the development of novel approaches to overcoming gram-negative antibiotic resistance."

About Mpex Pharmaceuticals:

Mpex Pharmaceuticals is a clinical stage biopharmaceutical company whose mission is to develop critical new therapies to combat the growing issue of antibiotic resistance. The company's initial focus is on the treatment of gram-negative bacterial pathogens such as Pseudomonas aeruginosa, for which limited effective treatment options exist. Mpex's lead product candidate, MP-376, is currently in clinical trials and is being developed for the treatmen
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