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Sunesis Pharmaceuticals Expands Development Leadership Team to Focus on Late-Stage Development of Voreloxin (Formerly SNS-595)
Date:6/3/2008

is on the planning and execution of late-stage clinical studies focused on regulatory approval. From 2004 to 2006, Dr. Michelson served as Director in the Clinical Oncology Therapeutic Unit at Chiron (now Novartis AG), where he served as Medical Director and as lead clinician for the company's kinase programs. Previously, he was Medical Director, Clinical Development for Cell Therapeutics, where he was responsible for Phase 3 studies of Xyotax(R). Dr. Michelson began his pharmaceutical industry career at Pfizer Global Research and Development (formerly Agouron), from 1998 to 2003, where he led Phase 1 through Phase 3 clinical development programs in oncology. Dr. Michelson has held faculty positions at the University of California, San Diego, and at the University of Louisville, and has been a Principal Investigator for a number of clinical trials. He received both his M.D. and B.A. in Chemistry from the University of Louisville.

Option Award Disclosure

The Compensation Committee of the company's Board of Directors approved an employment commencement grant to Dr. Ketchum of a non-qualified stock option to purchase 150,000 shares of Sunesis common stock, effective June 30, 2008. Options covering 140,000 of these shares were granted without shareholder approval pursuant to Nasdaq Marketplace Rule 4350 (i)(1)(A)(iv) and with the following material terms: (a) an exercise price equal to the fair market value of the company's common stock on June 30, 2008, (b) a term of ten years, and (c) a vesting schedule providing that the option is exercisable as to one-quarter of the total grant on the first anniversary of Dr. Ketchum's date of hire, and one-forty-eighth of the total grant each month thereafter until the grant is fully vested.

About Sunesis Pharmaceuticals

Sunesis is a clinical-stage biopharmaceutical company focused on the development of new oncology therapeutics for the treatment of solid and hematologic cancers. Sunesis has built a high
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SOURCE Sunesis Pharmaceuticals, Inc.
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