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RHEI Pharmaceuticals Appoints Dr. Geert Cauwenbergh as Chief Executive Officer
Date:8/25/2008

008, Dr. Cauwenbergh founded Phases123 LLC, a company focused on identifying high potential health care technology platforms and emerging health care companies. In 2001, Dr. Cauwenbergh founded Barrier Therapeutics, Inc., a company developing novel patented therapeutic agents for treatment of skin diseases. Under his leadership, Barrier Therapeutics went public and raised a total of $250 million in capital, evolving from an R&D organization into a commercial company with expected revenues of $46 to $50 million in 2008, prior to its recent acquisition by Stiefel Laboratories.

Before Barrier Therapeutics, Dr. Cauwenbergh served in numerous positions with Johnson & Johnson (in both the U.S. and Europe), most recently as Vice President of Technology of the Johnson & Johnson (J&J) Consumer and Personal Care Products Companies, and before that, as Vice President of Research & Development of the J&J Consumer Companies Worldwide. Dr. Cauwenbergh was also previously with the R&D organization of the Janssen Research Foundation in Belgium.

Dr. Cauwenbergh currently serves as a Board member of DARA Biosciences, Upstream Biosciences as well as Ablynx NV, and is a member of the Board of Trustees, and Vice Chairman of Bio New Jersey. Since 2004, Dr. Cauwenbergh has served as Official Trade Advisor for Health Care in North America to the Belgian Government. From 2004 to 2006, he served as a member on the Board of Trustees of the New Jersey Center of Life Sciences and from 2003 to 2005, Dr. Cauwenbergh was a member of the Board of Intercept Inc.

Dr. Cauwenbergh has authored over 100 publications and co-authored several books. He received his Ph.D. in Medical Sciences from the Catholic University of Leuven, Faculty of Medicine, where he also completed his Masters and undergraduate work. In 2004 Dr. Cauwenbergh was inducted in the New Jersey High Tech Hall of Fame.

About Asacard(R)

Asacard(R), which RHEI Pharmaceuticals has licensed from Flamel Techn
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SOURCE RHEI Pharmaceuticals, Inc.
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