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Sorrento Therapeutics Welcomes William S. Marth as Chairman of the Board of Directors
Date:1/9/2014

SAN DIEGO, Jan. 9, 2014 /PRNewswire/ -- Sorrento Therapeutics, Inc. (NASDAQ: SRNE; Sorrento) a late-stage clinical oncology company developing new treatments for cancer and associated pain, today announced the addition of industry veteran William Marth, as Chairman of the Board of Directors.

Mr. Marth was the President and CEO of Teva – Americas until the end of 2012, and served as a senior advisor to Teva Pharmaceuticals until the end of 2013. During his tenure at Teva – Americas, Mr. Marth played a key role in building the organization to a $12 billion business and in the strategy behind the acquisitions of Cephalon for $6.8 billion and Barr Pharmaceuticals for $7.4 billion. Earlier in his career, he held leadership positions in sales and marketing in the Apothecon Division of Bristol-Myers Squibb. Mr. Marth was previously Chairman and is currently the President and CEO of Albany Molecular Research Inc. (AMRI), a company that provides fully integrated drug discovery, development and manufacturing services. In addition, Bill previously served as an advisor to several large equity firms providing guidance on their healthcare investments. 

"We are privileged to have an accomplished and visionary industry leader with an unparalleled record of commercial success join as Chairman of our Board of Directors. Bill's experience from building Teva – Americas into a leading specialty pharmaceutical company is an excellent fit for the strategy and vision of our Company at this stage, as the Company matures from a developer of oncology products into a commercial organization," said Henry Ji, President and Chief Executive Officer of Sorrento. "We believe that Bill's global operating experience in multiple therapeutic areas and strategic insights across core functional ar
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SOURCE Sorrento Therapeutics, Inc.
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