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NicOx Announces Departure of Damian Marron for CEO Position
Date:5/27/2008

SOPHIA ANTIPOLIS, France, May 27 /PRNewswire-FirstCall/ -- NicOx S.A. (Euronext Paris: COX) today announced that Damian Marron, Executive Vice President of Corporate Development, will be leaving the company on May 30th to become Chief Executive Officer of an early clinical stage biopharmaceutical company. Damian's responsibilities will be assumed by Sanjiv Sharma, Vice President Commercial Affairs and Gavin Spencer, Senior Director Business Development.

Michele Garufi, Chairman and CEO of NicOx, commented: "Since joining NicOx in 2002, Damian has made a great contribution to the growth and success of the Company, during which time we have advanced our lead compound naproxcinod into an extensive phase 3 clinical trial program and signed significant collaborative agreements with both Pfizer and Merck, amongst others. Damian has helped to establish a strong corporate development team, which will focus on the next phase of NicOx' development as a fully integrated biopharmaceutical company. We wish Damian every success in this exciting new opportunity with his new company."

Damian Marron said: "It has been a privilege to work at NicOx. During my six years, I have gained invaluable experience and have had the opportunity to broaden my skills such that I have now been offered this great opportunity to lead a biotechnology company. NicOx has established itself as one of Europe's leading biotechnology companies with a highly promising lead product and excellent relationships in the pharmaceutical industry. With a first rate management team in place to execute NicOx' strategy of becoming an integrated pharmaceutical company, I believe this is an excellent time to move on to the new challenge of the role of CEO."

NicOx (Bloomberg: COX:FP, Reuters: NCOX.PA) a product-driven biopharmaceutical company dedicated to the development and future commercialization of investigational drugs for unmet medical needs. NicOx is applying its proprietary nitric oxid
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SOURCE NicOx S.A.
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