SAN DIEGO, May 11 /PRNewswire-FirstCall/ -- Orexigen(R) Therapeutics, Inc. (Nasdaq: OREX), a biopharmaceutical company focused on the treatment of obesity, today announced that Jay Hagan has joined the organization as Senior Vice President of Corporate Development and Strategy.
"Jay brings over 15 years of biotechnology operating and business development experience in a variety of roles including leadership of a significant number of important transactions. We are excited to add someone of Jay's breadth of experience to the Orexigen executive team, " said Michael Narachi, President and Chief Executive Officer. "His solid background will be invaluable as we focus on partnership opportunities and position the organization to successfully manage our operations, continue our development activities and execute on our commercialization plans for Contrave(R) and Empatic(TM)."
In his role, Jay will lead corporate development at Orexigen, notably focusing on partnership opportunities and commercialization strategy for lead products Contrave (naltrexone sustained release (SR)/bupropion SR), which is on track for an NDA submission to the FDA in the first half of 2010, and Empatic (zonisamide SR/bupropion SR), which is in the later stages of Phase 2 clinical development.
"I'm incredibly excited to join the Orexigen team at this pivotal time for the Company," said Jay. "Orexigen possesses a unique opportunity among small biotechnology companies. I look forward to leveraging my extensive experience in corporate and partnership strategy to further the Company's business development efforts."
Prior to joining Orexigen, Jay was a Partner at Groundswell Advisors, a biotechnology consulting firm, providing guidance and operational execution in corporate strategy, commercialization, financing and partnership op
|SOURCE Orexigen Therapeutics, Inc.|
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