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Cornerstone Therapeutics Appoints General Counsel
Date:11/13/2009

CARY, N.C., Nov. 13 /PRNewswire-FirstCall/ -- Cornerstone Therapeutics Inc. (Nasdaq CM: CRTX), a specialty pharmaceutical company focused on acquiring, developing and commercializing significant products primarily for the respiratory and related markets, today announced that it has appointed Andrew K. W. Powell, Esq. Executive Vice President, General Counsel and Secretary. In this role, Mr. Powell will join the Company's executive management team and manage its legal function and corporate governance processes. He will report to Craig Collard, Cornerstone's President and Chief Executive Officer.

Mr. Powell brings 20 years of corporate legal leadership in the life sciences industry. Most recently, he served as Senior Vice President, General Counsel, Secretary, at ImClone Systems, Inc. where he led the legal and compliance team, and successfully structured and implemented ImClone's negotiated tender offer and merger with Eli Lilly and Company. Prior to this, Mr. Powell served as Vice President, General Counsel, Secretary, of CollaGenex Pharmaceuticals, Inc. where, from 2004-2008, he was part of a management team that refocused the company, bringing new products to market and completing a series of financing, divestiture, licensing and acquisition transactions. His tenure at CollaGenex included leading the negotiation and implementation of the company's merger with Galderma Laboratories, Inc. Mr. Powell's corporate legal career began at Baxter International Inc. where he held positions of increasing responsibility from 1989-2004, including heading the legal function for Baxter Bioscience and Baxter World Trade.

"Andrew has an outstanding track record in senior level corporate legal positions, and we are pleased to welcome him to Cornerstone," said Mr. Collard. "A key component of our growth strategy is acquiring products to build our product portfolio, and we expect Andrew's significant transaction experience to be an invaluabl
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SOURCE Cornerstone Therapeutics Inc.
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